AUD/USD intraday: the upside prevails as long as 0

AUD/USD intraday: the upside prevails as long as 0.7887 is support

AUDUSD

Trading Central 2021-02-24 04:58:05

Our pivot point stands at 0.7887.

Our preference: the upside prevails as long as 0.7887 is support.

Alternative scenario: the downside breakout of 0.7887 would call for 0.7859 and 0.7842.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.7906 and 0.7911).

Supports and resistances:

0.8001 **

0.7985 *

0.7968 **

0.7951

0.7914 last

0.7898

0.7887 **

Disclaimer

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