Forex

AUD/USD may fall 11 - 31 pips

2024-07-16

Pivot

0.6765

Our preference

Short positions below 0.6765 with targets at 0.6730 & 0.6710 in extension.

Alternative scenario

Above 0.6765 look for further upside with 0.6790 & 0.6810 as targets.

Comment

A break below 0.6730 would trigger a drop towards 0.6710.

Supports and resistances

0.6810

0.6790

0.6765

0.6741 Last

0.6730

0.6710

0.6690

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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