AUD/USD Intraday: as long as 0.6237 is resistance look for 0.6164
Jan 16, 2025 6:49 PM
as long as 0.6237 is resistance look for 0.6164.
Our pivot point is at 0.6237.
Our preference:
as long as 0.6237 is resistance look for 0.6164.
Alternative scenario:
the upside breakout of 0.6237, would call for 0.6264 and 0.6279.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6212 and 0.6217).
Supports and resistances:
0.6279 **
0.6264 *
0.6237 **
0.6227
0.6212 last
0.6180
0.6164 **
0.6149 *
0.6133 **
Our preference:
as long as 0.6237 is resistance look for 0.6164.
Alternative scenario:
the upside breakout of 0.6237, would call for 0.6264 and 0.6279.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6212 and 0.6217).
Supports and resistances:
0.6279 **
0.6264 *
0.6237 **
0.6227
0.6212 last
0.6180
0.6164 **
0.6149 *
0.6133 **
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