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AUD/USD Intraday: continuation of the rebound.

2024-05-24
457

Pivot: 0.6605

Our preference: long positions above 0.6605 with targets at 0.6630 & 0.6650 in extension.

Alternative scenario: below 0.6605 look for further downside with 0.6590 & 0.6565 as targets.

Comment: the break above 0.6605 is a positive signal that has opened a path to 0.6630.

Supports and resistances:

0.6665

0.6650

0.6630

0.6626 Last

0.6605

0.6590

0.6565

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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