ByLCMS Traders FX Analysis Team
JUL 1, 2021
AUD/USD continuing on the lower path amid the USD gains. Currently, the pair is trading at 0.7487 with immediate support levels at 0.7450 and 0.7428. The intraday resistance levels are at 0.7515 and 0.7539.
On the intraday charts, the price pattern is strongly bearish and it appears the pair is heading towards the 0.7400 mark. The SMA-14 indicating resistance at 0.7565 and the SMA-50 showing resistance at 0.7699. The RSI is at 33 and still away from an absolute oversold zone. The MACD is below the zero line and favors the bears. Following the intraday and 4-hourly price patterns the pair is ideal to sell on small rallies using the below levels
Direction: Sell
Entry: 0.7515
Take Profit: 0.7460
Stop-Loss: 0.7548
An intraday closing below 0.7450 would further strengthen the bears and the chances of a breach below 0.7400 would be higher. On the upside, bears require a sustained price action above 0.7530 to get back into the game.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
