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AUD/USD Intraday: capped by a negative trend line.

2024-02-26
748

Pivot: 0.6570

Our preference: short positions below 0.6570 with targets at 0.6530 & 0.6520 in extension.

Alternative scenario: above 0.6570 look for further upside with 0.6580 & 0.6595 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

0.6595

0.6580

0.6570

0.6544 Last

0.6530

0.6520

0.6500

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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