AUD/USD Intraday: the upside prevails.
AUD/USD (AUD/USD)
+0.00394+0.56%
long positions above 0.7050 with targets at 0.7100 & 0.7120 in extension.
Pivot: 0.7050
Our preference: long positions above 0.7050 with targets at 0.7100 & 0.7120 in extension.
Alternative scenario: below 0.7050 look for further downside with 0.7035 & 0.7020 as targets.
Comment: the immediate trend remains down but the momentum is weak.
Supports and resistances:
0.7140 ***
0.7120 **
0.7100 **
0.7069 Last
0.7050 ***
0.7035 ***
0.7020 ***
Our preference: long positions above 0.7050 with targets at 0.7100 & 0.7120 in extension.
Alternative scenario: below 0.7050 look for further downside with 0.7035 & 0.7020 as targets.
Comment: the immediate trend remains down but the momentum is weak.
Supports and resistances:
0.7140 ***
0.7120 **
0.7100 **
0.7069 Last
0.7050 ***
0.7035 ***
0.7020 ***
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