AUD/USD Intraday: under pressure below 0.6234
Jan 16, 2025 8:38 PM
under pressure below 0.6234.
0.6234 is our pivot point.
Our preference:
under pressure below 0.6234.
Alternative scenario:
above 0.6234, look for 0.6260 and 0.6276.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading above its 20 period moving average (0.6212) but under its 50 period moving average (0.6216).
Supports and resistances:
0.6276 **
0.6260 *
0.6234 **
0.6224
0.6213 last
0.6181
0.6165 **
0.6149 *
0.6134 **
Our preference:
under pressure below 0.6234.
Alternative scenario:
above 0.6234, look for 0.6260 and 0.6276.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading above its 20 period moving average (0.6212) but under its 50 period moving average (0.6216).
Supports and resistances:
0.6276 **
0.6260 *
0.6234 **
0.6224
0.6213 last
0.6181
0.6165 **
0.6149 *
0.6134 **
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AUD/USD
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