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AUD/USD Intraday: the bias remains bullish.
2024-02-12
697
Pivot: 0.6505
Our preference: long positions above 0.6505 with targets at 0.6540 & 0.6555 in extension.
Alternative scenario: below 0.6505 look for further downside with 0.6490 & 0.6480 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.6570
0.6555
0.6540
0.6519 Last
0.6505
0.6490
0.6480
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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