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AUD/USD Intraday: choppy.

2024-01-26
779

Pivot: 0.6605

Our preference: short positions below 0.6605 with targets at 0.6565 & 0.6550 in extension.

Alternative scenario: above 0.6605 look for further upside with 0.6620 & 0.6635 as targets.

Comment: as long as 0.6605 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.6635

0.6620

0.6605

0.6585 Last

0.6565

0.6550

0.6535

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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