AUD/USD Short Term: the downside prevails
Nov 29, 2024 8:06 AM
short positions below 0.6710 with targets at 0.6440 & 0.6360 in extension.
Pivot: 0.6710
Our preference:
short positions below 0.6710 with targets at 0.6440 & 0.6360 in extension.
Alternative scenario:
above 0.6710 look for further upside with 0.6800 & 0.6940 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
Supports and resistances:
0.6940 **
0.6800 ***
0.6710 ***
0.6515 Last
0.6440 ***
0.6360 ***
0.6290 ***
Our preference:
short positions below 0.6710 with targets at 0.6440 & 0.6360 in extension.
Alternative scenario:
above 0.6710 look for further upside with 0.6800 & 0.6940 as targets.
Comment:
technically the RSI is below its neutrality area at 50.
Supports and resistances:
0.6940 **
0.6800 ***
0.6710 ***
0.6515 Last
0.6440 ***
0.6360 ***
0.6290 ***
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
AUD/USD
0.64396
0.00099
+0.15%