Forex

AUD/USD may rise 24 - 39 pips

2024-07-12

Pivot

0.6755

Our preference

Long positions above 0.6755 with targets at 0.6795 & 0.6810 in extension.

Alternative scenario

Below 0.6755 look for further downside with 0.6735 & 0.6720 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.6830

0.6810

0.6795

0.6771 Last

0.6755

0.6735

0.6720

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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