Forex

AUD/USD may fall 24 - 39 pips

2024-10-23

Pivot

0.6695

Our preference

Short positions below 0.6695 with targets at 0.6650 & 0.6635 in extension.

Alternative scenario

Above 0.6695 look for further upside with 0.6710 & 0.6725 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.6695.

Supports and resistances

0.6725

0.6710

0.6695

0.6674 Last

0.6650

0.6635

0.6620

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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