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AUD/USD Intraday: the downside prevails.

2024-07-16
1076

Pivot: 0.6770

Our preference: short positions below 0.6770 with targets at 0.6730 & 0.6715 in extension.

Alternative scenario: above 0.6770 look for further upside with 0.6790 & 0.6810 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

0.6810

0.6790

0.6770

0.6746 Last

0.6730

0.6715

0.6700

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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