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EUR/AUD intraday: as long as 1.6642 is support look for 1.6754
2024-02-28
609
Our pivot point is at 1.6642.
Our preference: as long as 1.6642 is support look for 1.6754.
Alternative scenario: the downside breakout of 1.6642 would call for 1.6601 and 1.6577.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.6663 and 1.6620).
Supports and resistances:
1.6803 **
1.6778 *
1.6754 **
1.6730
1.6681 last
1.6658
1.6642 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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