Source: PaxForex Premium Analytics Portal, Technical Insight
Australian Dollar rises on bets of RBA increasing policy rate.
AUD/USD,D1
Pivot: 0.6565
Analysis:
Provided that the currency pair is above 0.6400, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6565
- Take Profit 1: 0.6600
- Take Profit 2: 0.6700
Alternative scenario:
In case level 0.6400 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6400
- Take Profit 1: 0.6300
- Take Profit 2: 0.6200
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.6800 | 0.6400 |
| 0.6700 | 0.6300 |
| 0.6600 | 0.6200 |
