Source: PaxForex Premium Analytics Portal, Technical Insight
The AUD/USD pair has refreshed its day’s low at 0.7083 as investors have turned risk-averse amid the interest rate decision by the Federal Reserve (Fed) this week.
AUD/USD,D1
Pivot: 0.7088
Analysis:
Provided that the currency pair is above 0.6860, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7088
- Take Profit 1: 0.7200
- Take Profit 2: 0.7300
Alternative scenario:
In case the level 0.6860 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6860
- Take Profit 1: 0.6715
- Take Profit 2: 0.6630
Comment:
RSI shows the possibility of an uptrend during the day.
Key levels:
| Resistance | Support |
| 0.4300 | 0.6860 |
| 0.7300 | 0.6715 |
| 0.7200 | 0.6630 |
