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AUD/USD ST: the downside prevails.


Pivot: 0.6530

Our preference: short positions below 0.6530 with targets at 0.6170 & 0.6070 in extension.

Alternative scenario: above 0.6530 look for further upside with 0.6620 & 0.6720 as targets.

Comment: as long as 0.6530 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.6720 **

0.6620 **

0.6530 ***

0.6314 Last

0.6170 ***

0.6070 ***

0.5980 **

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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