AUD/USD Intraday: the downside prevails as long as 0.6931 is resistance
Oct 1, 2024 2:28 PM
the downside prevails as long as 0.6931 is resistance.
Our pivot point stands at 0.6931.
Our preference:
the downside prevails as long as 0.6931 is resistance.
Alternative scenario:
above 0.6931, look for 0.6968 and 0.6990.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6911 and 0.6917).
Supports and resistances:
0.6990 **
0.6968 *
0.6931 **
0.6916
0.6894 last
0.6833
0.6811 **
0.6789 *
0.6767 **
Our preference:
the downside prevails as long as 0.6931 is resistance.
Alternative scenario:
above 0.6931, look for 0.6968 and 0.6990.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6911 and 0.6917).
Supports and resistances:
0.6990 **
0.6968 *
0.6931 **
0.6916
0.6894 last
0.6833
0.6811 **
0.6789 *
0.6767 **
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