Forex

AUD/USD may fall 18 - 33 pips

2024-06-05

Pivot

0.6660

Our preference

Short positions below 0.6660 with targets at 0.6630 & 0.6615 in extension.

Alternative scenario

Above 0.6660 look for further upside with 0.6680 & 0.6695 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.6660.

Supports and resistances

0.6695

0.6680

0.6660

0.6648 Last

0.6630

0.6615

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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