AUDUSD faces price recovery extension as it headed higher during early Monday trading today. Support resides at the 0.7100 level where a breach will aim at the 0.7050 level. Below that level will set the stage for a run at the 0.7000 level with a cut through here targeting further downside pressure towards the 0.6950 level.
On the upside, resistance lies at the 1.7150 level. A cut through here will turn attention to the 0.7200 level and then the 0.7250 level where a violation will set the stage for a retargeting of the 0.7300 level. Its daily RSI is bearish and pointing higher suggesting further strength. On the whole, AUDUSD faces further upside threats on correction.
Related Posts
WazirX, Presearch and Komodo rally after data shows a surge in user activity
Hedge Fund Chief Warren Irwin’s Blockbuster Uranium Call And His Best Metal And Oil Plays- E
Was That A Bottom In Commodities?
- Informing decisions
AUD/USD Forecast: Aussie Continues To Grind Away
The Growing Threat Of Protectionism
Leave A Comment