Forex

AUD/USD may fall 19 - 39 pips

2024-08-02

Pivot

0.6525

Our preference

Short positions below 0.6525 with targets at 0.6475 & 0.6455 in extension.

Alternative scenario

Above 0.6525 look for further upside with 0.6545 & 0.6560 as targets.

Comment

A break below 0.6475 would trigger a drop towards 0.6455.

Supports and resistances

0.6560

0.6545

0.6525

0.6494 Last

0.6475

0.6455

0.6435

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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