Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD rebounds above 0.6550 ahead of Australian Retail Sales.
AUD/USD,D1
Pivot: 0.6553
Analysis:
Provided that the currency pair is above 0.6500, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6553
- Take Profit 1: 0.6700
- Take Profit 2: 0.6800
Alternative scenario:
In case level 0.6500 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6500
- Take Profit 1: 0.6400
- Take Profit 2: 0.6300
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.6900 | 0.6500 |
| 0.6800 | 0.6400 |
| 0.6700 | 0.6300 |
