Forex

AUD/USD may fall 19 - 34 pips

2024-07-19

Pivot

0.6715

Our preference

Short positions below 0.6715 with targets at 0.6675 & 0.6660 in extension.

Alternative scenario

Above 0.6715 look for further upside with 0.6740 & 0.6755 as targets.

Comment

The break below 0.6715 is a negative signal that has opened a path to 0.6675.

Supports and resistances

0.6755

0.6740

0.6715

0.6694 Last

0.6675

0.6660

0.6635

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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