Forex

AUD/USD may fall 13 - 33 pips

2024-07-02

Pivot

0.6670

Our preference

Short positions below 0.6670 with targets at 0.6640 & 0.6620 in extension.

Alternative scenario

Above 0.6670 look for further upside with 0.6685 & 0.6700 as targets.

Comment

As long as the resistance at 0.6670 is not surpassed, the risk of the break below 0.6640 remains high.

Supports and resistances

0.6700

0.6685

0.6670

0.6653 Last

0.6640

0.6620

0.6605

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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