AUD/USD MT: further advance.

AUDUSD

Trading Central 2021-02-22 08:52:06

Pivot: 0.7000

Our preference: long positions above 0.7000 with targets at 0.8135 & 0.8450 in extension.

Alternative scenario: below 0.7000 look for further downside with 0.6680 & 0.6370 as targets.

Comment: the RSI is bullish and calls for further advance. The pair remains on the upside, supported by its 50-week moving average.

Supports and resistances:

0.8910

0.8450

0.8135

0.7764 Last

0.7000

0.6680

0.6370

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.