Forex

AUD/USD may fall 13 - 28 pips

2024-10-23

Pivot

0.6660

Our preference

Short positions below 0.6660 with targets at 0.6635 & 0.6620 in extension.

Alternative scenario

Above 0.6660 look for further upside with 0.6680 & 0.6690 as targets.

Comment

The break below 0.6660 is a negative signal that has opened a path to 0.6635.

Supports and resistances

0.6690

0.6680

0.6660

0.6648 Last

0.6635

0.6620

0.6600

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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