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AUD/USD Intraday: bullish bias above 0.6705.
2024-01-04
529
Pivot: 0.6705
Our preference: long positions above 0.6705 with targets at 0.6755 & 0.6770 in extension.
Alternative scenario: below 0.6705 look for further downside with 0.6690 & 0.6675 as targets.
Comment: a support base at 0.6705 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
0.6785
0.6770
0.6755
0.6732 Last
0.6705
0.6690
0.6675
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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