Source: PaxForex Premium Analytics Portal, Technical Insight

Australia will open its borders to most foreign tourists no sooner than the end of 2020 due to the threat of coronavirus proliferation, Australian Broadcasting Corporation reports with reference to the country's Minister of Trade, Tourism and Investment Simon Birmingham.

AUD/USD, 30 min

Pivot: 0.6867

Analysis:

Provided that the currency pair is traded above 0.6865 follow the recommendations below:

• The timeframe: 30 min
• Recommendation: long position
• Entry point: 0.6867
• Take Profit 1: 0.6890
• Take Profit 2: 0.6920

Alternative scenario: 

In case of breakdown of the level 0.6865, follow the recommendations below:

• The timeframe: 30 min
• Recommendation: short position
• Entry point: 0.6865
• Take Profit 1: 0.6850
• Take Profit 2: 0.6840

Comment:

RSI shows the possibility of an ascending momentum during the day.

Key levels:

AUD/USD, D1

Pivot: 0.6855

Analysis:

While the price is above 0.6650 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.6855
• Take Profit 1: 0.7040
• Take Profit 2: 0.7180

Alternative scenario:

If the level 0.6650 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6650
• Take Profit 1: 0.6410
• Take Profit 2: 0.6250

Comment:

RSI shows a bullish sentiment.

Key levels:

We also advise you to pay attention to the following currency pairs for intra-day trading:

GBP/USD – sell below 1.2320 with 1.2280 and 1.2250 as Take Profit targets. Alternative scenario - if the level of 1.2320 is broken-out, you should consider buying with the targets 1.2350 and 1.2370 as Take Profit.
EUR/JPY - long positions above 120.71 with 121.74 and 122.03 targets as Take Profit. Alternative scenario - if the level of 120.71 is broken-down, sell with the targets 120.23 and 119.94 as Take Profit.
EUR/GBP - sell below 0.9163 with 0.8979 and 0.8962 targets as Take Profit. Alternative scenario - if the level 0.9163 is broken-out, buy with the TP 0.9191 and 0.9208.