Forex

AUD/USD may fall 19 - 39 pips

2024-06-06

Pivot

0.6660

Our preference

Short positions below 0.6660 with targets at 0.6625 & 0.6605 in extension.

Alternative scenario

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

Comment

The break below 0.6660 is a negative signal that has opened a path to 0.6625.

Supports and resistances

0.6695

0.6680

0.6660

0.6644 Last

0.6625

0.6605

0.6580

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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