HomeContributorsTechnical AnalysisAUD/USD Look For 0.6800

AUD/USD Look For 0.6800

Pivot (invalidation): 0.6860

Our preference Short positions below 0.6860 with targets at 0.6815 & 0.6800 in extension.

Alternative scenario Above 0.6860 look for further upside with 0.6880 & 0.6895 as targets.

Comment The RSI has broken down its 30 level. The pair is crossing below the lower boundary of a bearish channel, calling for acceleration to the downside.

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