Forex

AUD/USD may rise 10 - 25 pips

2024-06-07

Pivot

0.6650

Our preference

Long positions above 0.6650 with targets at 0.6680 & 0.6695 in extension.

Alternative scenario

Below 0.6650 look for further downside with 0.6635 & 0.6625 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.6710

0.6695

0.6680

0.6670 Last

0.6650

0.6635

0.6625

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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