Forex

AUD/USD may rise 13 - 28 pips

2024-10-17

Pivot

0.6670

Our preference

Long positions above 0.6670 with targets at 0.6710 & 0.6725 in extension.

Alternative scenario

Below 0.6670 look for further downside with 0.6655 & 0.6645 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

0.6745

0.6725

0.6710

0.6697 Last

0.6670

0.6655

0.6645

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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