Source: PaxForex Premium Analytics Portal, Technical Insight
AUD/USD is clinging to gains near the session highs at 0.7250.
AUD/USD,D1
Pivot: 0.7310
Analysis:
Provided that the currency pair is traded below 0.7400, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.7310
- Take Profit 1: 0.7200
- Take Profit 2: 0.7100
Alternative scenario:
In case of break-out of the level 0.7400, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7400
- Take Profit 1: 0.7530
- Take Profit 2: 0.7650
Comment:
RSI shows the possibility of a downtrend during the day.
Key levels:
| Resistance | Support |
| 0.7650 | 0.7200 |
| 0.7530 | 0.7100 |
| 0.7400 | 0.7000 |
