AUD/USD Intraday: the downside prevails as long as 0.6789 is resistance
Sep 18, 2024 4:38 PM
the downside prevails as long as 0.6789 is resistance.
Our pivot point is at 0.6789.
Our preference:
the downside prevails as long as 0.6789 is resistance.
Alternative scenario:
the upside breakout of 0.6789, would call for 0.6820 and 0.6839.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6776 and 0.6766).
Supports and resistances:
0.6839 **
0.6820 *
0.6789 **
0.6777
0.6764 last
0.6725
0.6706 **
0.6687 *
0.6669 **
Our preference:
the downside prevails as long as 0.6789 is resistance.
Alternative scenario:
the upside breakout of 0.6789, would call for 0.6820 and 0.6839.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6776 and 0.6766).
Supports and resistances:
0.6839 **
0.6820 *
0.6789 **
0.6777
0.6764 last
0.6725
0.6706 **
0.6687 *
0.6669 **
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