AUD/USD Intraday: under pressure
Jan 17, 2025 12:13 PM
short positions below 0.6215 with targets at 0.6175 & 0.6160 in extension.
Pivot: 0.6215
Our preference:
short positions below 0.6215 with targets at 0.6175 & 0.6160 in extension.
Alternative scenario:
above 0.6215 look for further upside with 0.6230 & 0.6245 as targets.
Comment:
as long as 0.6215 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
0.6245
0.6230
0.6215
0.6197 Last
0.6175
0.6160
0.6145
Our preference:
short positions below 0.6215 with targets at 0.6175 & 0.6160 in extension.
Alternative scenario:
above 0.6215 look for further upside with 0.6230 & 0.6245 as targets.
Comment:
as long as 0.6215 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
0.6245
0.6230
0.6215
0.6197 Last
0.6175
0.6160
0.6145
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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