AUD/USD intraday: as long as 0.7832 is support loo

AUD/USD intraday: as long as 0.7832 is support look for 0.7916

AUDUSD

Trading Central 2021-02-20 03:00:05

0.7832 is our pivot point.

Our preference: as long as 0.7832 is support look for 0.7916.

Alternative scenario: the downside breakout of 0.7832 would call for 0.7803 and 0.7786.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.7854 and 0.7806).

Supports and resistances:

0.7950 **

0.7933 *

0.7916 **

0.7898

0.7863 last

0.7844

0.7832 **

Disclaimer

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