Forex

AUD/USD may rise 18 - 33 pips

2024-06-07

Pivot

0.6640

Our preference

Long positions above 0.6640 with targets at 0.6685 & 0.6700 in extension.

Alternative scenario

Below 0.6640 look for further downside with 0.6625 & 0.6610 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

0.6720

0.6700

0.6685

0.6667 Last

0.6640

0.6625

0.6610

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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