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AUD/USD intraday: the downside prevails as long as 0.6357 is resistance
2023-10-31
1073
0.6357 is our pivot point.
Our preference: the downside prevails as long as 0.6357 is resistance.
Alternative scenario: above 0.6357, look for 0.6381 and 0.6394.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6348 and 0.6357).
Supports and resistances:
0.6394 **
0.6381 *
0.6357 **
0.6348
0.6338 last
0.6306
0.6293 **
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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