Forex

AUD/USD may rise 22 - 37 pips

2024-07-26

Pivot

0.6545

Our preference

Long positions above 0.6545 with targets at 0.6575 & 0.6590 in extension.

Alternative scenario

Below 0.6545 look for further downside with 0.6530 & 0.6515 as targets.

Comment

The break above 0.6545 is a positive signal that has opened a path to 0.6575.

Supports and resistances

0.6610

0.6590

0.6575

0.6553 Last

0.6545

0.6530

0.6515

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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