Contributors Technical Analysis AUD/USD Bullish Bias Above 0.6435

AUD/USD Bullish Bias Above 0.6435

Pivot (invalidation): 0.6435

Our preference Long positions above 0.6435 with targets at 0.6475 & 0.6495 in extension.

Alternative scenario Below 0.6435 look for further downside with 0.6405 & 0.6375 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Previous articleUSD/CAD Under Pressure
Next articleUSD/TRY Watch 6.8790
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version