Forex

AUD/USD may rise 6 - 21 pips

2024-07-12

Pivot

0.6770

Our preference

Long positions above 0.6770 with targets at 0.6795 & 0.6810 in extension.

Alternative scenario

Below 0.6770 look for further downside with 0.6755 & 0.6735 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.6830

0.6810

0.6795

0.6789 Last

0.6770

0.6755

0.6735

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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