AUD/USD Intraday: key resistance at 0.6235
Feb 4, 2025 10:32 AM
short positions below 0.6235 with targets at 0.6165 & 0.6140 in extension.
Pivot: 0.6235
Our preference:
short positions below 0.6235 with targets at 0.6165 & 0.6140 in extension.
Alternative scenario:
above 0.6235 look for further upside with 0.6260 & 0.6290 as targets.
Comment:
as long as the resistance at 0.6235 is not surpassed, the risk of the break below 0.6165 remains high.
Supports and resistances:
0.6290
0.6260
0.6235
0.6209 Last
0.6165
0.6140
0.6115
Our preference:
short positions below 0.6235 with targets at 0.6165 & 0.6140 in extension.
Alternative scenario:
above 0.6235 look for further upside with 0.6260 & 0.6290 as targets.
Comment:
as long as the resistance at 0.6235 is not surpassed, the risk of the break below 0.6165 remains high.
Supports and resistances:
0.6290
0.6260
0.6235
0.6209 Last
0.6165
0.6140
0.6115
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