HomeContributorsTechnical AnalysisAUD/USD: Further Advance

AUD/USD: Further Advance

Pivot (invalidation): 0.7295

Our preference Long positions above 0.7295 with targets at 0.7340 & 0.7360 in extension.

Alternative scenario Below 0.7295 look for further downside with 0.7275 & 0.7250 as targets.

Comment The RSI advocates for further advance.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
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.

Featured Analysis

Learn Forex Trading