Forex

AUD/USD may rise 21 - 36 pips

2024-08-16

Pivot

0.6615

Our preference

Long positions above 0.6615 with targets at 0.6650 & 0.6665 in extension.

Alternative scenario

Below 0.6615 look for further downside with 0.6595 & 0.6575 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

0.6680

0.6665

0.6650

0.6629 Last

0.6615

0.6595

0.6575

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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