Forex

AUD/USD may fall 11 - 26 pips

2024-10-14

Pivot

0.6745

Our preference

Short positions below 0.6745 with targets at 0.6705 & 0.6690 in extension.

Alternative scenario

Above 0.6745 look for further upside with 0.6760 & 0.6775 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

0.6775

0.6760

0.6745

0.6716 Last

0.6705

0.6690

0.6675

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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