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AUD/USD ST: under pressure.


Pivot: 0.6620

Our preference: short positions below 0.6620 with targets at 0.6270 & 0.6170 in extension.

Alternative scenario: above 0.6620 look for further upside with 0.6785 & 0.6900 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

0.6900 ***

0.6785 **

0.6620 ***

0.6406 Last

0.6270 ***

0.6170 **

0.5990 **

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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