AUD/USD Intraday: the upside prevails as long as 0.6499 is support
Nov 29, 2024 7:25 PM
the upside prevails as long as 0.6499 is support.
Our pivot point stands at 0.6499.
Our preference:
the upside prevails as long as 0.6499 is support.
Alternative scenario:
the downside breakout of 0.6499 would call for 0.6471 and 0.6455.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6510 and 0.6509).
Supports and resistances:
0.6606 **
0.6589 *
0.6573 **
0.6557
0.6524 last
0.6509
0.6499 **
0.6471 *
0.6455 **
Our preference:
the upside prevails as long as 0.6499 is support.
Alternative scenario:
the downside breakout of 0.6499 would call for 0.6471 and 0.6455.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.6510 and 0.6509).
Supports and resistances:
0.6606 **
0.6589 *
0.6573 **
0.6557
0.6524 last
0.6509
0.6499 **
0.6471 *
0.6455 **
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AUD/USD
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