Forex

AUD/USD may fall 15 - 35 pips

2024-06-04

Pivot

0.6665

Our preference

Short positions below 0.6665 with targets at 0.6625 & 0.6605 in extension.

Alternative scenario

Above 0.6665 look for further upside with 0.6685 & 0.6700 as targets.

Comment

The break below 0.6665 is a negative signal that has opened a path to 0.6625.

Supports and resistances

0.6700

0.6685

0.6665

0.6640 Last

0.6625

0.6605

0.6590

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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