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AUD/USD Intraday: bullish bias above 0.6365.

2023-10-25
192

Pivot: 0.6365

Our preference: long positions above 0.6365 with targets at 0.6400 & 0.6420 in extension.

Alternative scenario: below 0.6365 look for further downside with 0.6345 & 0.6330 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

0.6440

0.6420

0.6400

0.6380 Last

0.6365

0.6345

0.6330

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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