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AUD/USD Intraday: consolidation.

2023-10-25
801

Pivot: 0.6380

Our preference: short positions below 0.6380 with targets at 0.6330 & 0.6315 in extension.

Alternative scenario: above 0.6380 look for further upside with 0.6395 & 0.6410 as targets.

Comment: as long as 0.6380 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.6410

0.6395

0.6380

0.6356 Last

0.6330

0.6315

0.6300

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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