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analysing AUD/USD for Monday

to Nov. 11, 2019


AUD/USD Intraday: consolidation in place.
Pivot: 0.6870

Our preference: short positions below 0.6870 with targets at 0.6845 & 0.6830 in extension.

Alternative scenario: above 0.6870 look for further upside with 0.6885 & 0.6900 as targets.

Comment: as long as 0.6870 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:

0.6900
0.6885
0.6870
0.6858 Last
0.6845
0.6830
0.6820

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