AUD/USD Short Term: key resistance at 0.7080.
AUD/USD (AUD/USD)
+0.00190+0.27%
short positions below 0.7080 with targets at 0.6830 & 0.6670 in extension.
Pivot: 0.7080
Our preference: short positions below 0.7080 with targets at 0.6830 & 0.6670 in extension.
Alternative scenario: above 0.7080 look for further upside with 0.7190 & 0.7280 as targets.
Comment: as long as 0.7080 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
0.7280 ***
0.7190 **
0.7080 ***
0.6974 Last
0.6830 ***
0.6670 ***
0.6550 **
Our preference: short positions below 0.7080 with targets at 0.6830 & 0.6670 in extension.
Alternative scenario: above 0.7080 look for further upside with 0.7190 & 0.7280 as targets.
Comment: as long as 0.7080 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
0.7280 ***
0.7190 **
0.7080 ***
0.6974 Last
0.6830 ***
0.6670 ***
0.6550 **
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