AUD/USD | Australian Dollar to US Dollar Trading Analysis

AUD/USD,D1


AUD/USD,D1


Pivot: 0.7262


Analysis:

Provided that the currency pair is traded above 0.7220, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7262
  • Take Profit 1: 0.7430
  • Take Profit 2: 0.7680


Alternative scenario: 

In case of break-down of the level 0.7220, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7220
  • Take Profit 1: 0.7100
  • Take Profit 2: 0.7000


Comment:

RSI shows the possibility of an uptrend during the day.


Key levels:

Resistance -- Support

0.7810 -------- 0.7220

0.7680 -------- 0.7100

0.7530 -------- 0.7000

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