AUD/USD Intraday: continuation of the rebound

Dec 5, 2024 10:33 AM

long positions above 0.6420 with targets at 0.6470 & 0.6490 in extension.

Pivot: 0.6420
Our preference:
long positions above 0.6420 with targets at 0.6470 & 0.6490 in extension.
Alternative scenario:
below 0.6420 look for further downside with 0.6400 & 0.6380 as targets.
Comment:
the RSI is mixed with a bullish bias.
Supports and resistances:
0.6505
0.6490
0.6470
0.6438 Last
0.6420
0.6400
0.6380

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