AUD/USD Intraday: Key resistance level approaches
AUD/USD (AUD/USD)
+0.00341+0.49%
The upside prevails as long as 0.7041 is support, with 0.7088 and 0.7099 as targets
Our pivot point is at 0.7041.
Our preference: The upside prevails as long as 0.7041 is support, with 0.7088 and 0.7099 as targets
Alternative scenario: below 0.7041, expect 0.7022 and 0.7011.
Comment: Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.
Supports and resistances:
0.7111 *
0.7099 **
0.7088
0.7075 last
0.7041 **
0.7022 *
0.7011 **
Our preference: The upside prevails as long as 0.7041 is support, with 0.7088 and 0.7099 as targets
Alternative scenario: below 0.7041, expect 0.7022 and 0.7011.
Comment: Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.
Supports and resistances:
0.7111 *
0.7099 **
0.7088
0.7075 last
0.7041 **
0.7022 *
0.7011 **
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