The Australian Dollar has a Super Pivot Stack in place providing significant resistance.
However the price currently is just above the Monthly Pivot Range low, which is lending support to the price.
Hence, we need to wait for a breakdown in the price through this level to confirm weakness.
Go short if the price trades through .70920 and place a stop loss at 0.72130 and profit target at 0.68010
However the price currently is just above the Monthly Pivot Range low, which is lending support to the price.
Hence, we need to wait for a breakdown in the price through this level to confirm weakness.
Go short if the price trades through .70920 and place a stop loss at 0.72130 and profit target at 0.68010
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.