AUD/USD Intraday: rebound
Nov 20, 2024 9:04 PM
rebound.
Our pivot point stands at 0.6480.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 0.6480 would call for 0.6453 and 0.6436.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (0.6497) but below its 50 period moving average (0.6514).
Supports and resistances:
0.6584 **
0.6567 *
0.6551 **
0.6535
0.6502 last
0.6491
0.6480 **
0.6453 *
0.6436 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 0.6480 would call for 0.6453 and 0.6436.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (0.6497) but below its 50 period moving average (0.6514).
Supports and resistances:
0.6584 **
0.6567 *
0.6551 **
0.6535
0.6502 last
0.6491
0.6480 **
0.6453 *
0.6436 **
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