AUD/USD Intraday: bullish bias above 0.6500.
Nov 20, 2024 10:22 AM
long positions above 0.6500 with targets at 0.6545 & 0.6555 in extension.
Pivot: 0.6500
Our preference:
long positions above 0.6500 with targets at 0.6545 & 0.6555 in extension.
Alternative scenario:
below 0.6500 look for further downside with 0.6480 & 0.6465 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.6600
0.6555
0.6545
0.6514 Last
0.6500
0.6480
0.6465
Our preference:
long positions above 0.6500 with targets at 0.6545 & 0.6555 in extension.
Alternative scenario:
below 0.6500 look for further downside with 0.6480 & 0.6465 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.6600
0.6555
0.6545
0.6514 Last
0.6500
0.6480
0.6465
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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