Forex

AUD/USD may rise 19 - 34 pips

2024-10-18

Pivot

0.6680

Our preference

Long positions above 0.6680 with targets at 0.6725 & 0.6740 in extension.

Alternative scenario

Below 0.6680 look for further downside with 0.6665 & 0.6650 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

0.6760

0.6740

0.6725

0.6706 Last

0.6680

0.6665

0.6650

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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