Forex

AUD/USD may rise 31 - 51 pips

2024-06-18

Pivot

0.6590

Our preference

Long positions above 0.6590 with targets at 0.6640 & 0.6660 in extension.

Alternative scenario

Below 0.6590 look for further downside with 0.6575 & 0.6560 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

0.6690

0.6660

0.6640

0.6609 Last

0.6590

0.6575

0.6560

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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