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AUD/USD Intraday: consolidation.

2023-10-23
514

Pivot: 0.6335

Our preference: short positions below 0.6335 with targets at 0.6295 & 0.6280 in extension.

Alternative scenario: above 0.6335 look for further upside with 0.6355 & 0.6370 as targets.

Comment: a support base at 0.6335 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

0.6370

0.6355

0.6335

0.6311 Last

0.6295

0.6280

0.6265

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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