Bullish Setup on AUDUSD
AUD/USD Intraday Neutral
Pivot point: 0.7763
Resistance level 1: 0.7795 Resistance level 2: 0.7821 Resistance level 3: 0.7853
Support level 1: 0.7737 Support level 2: 0.7704 Support level 3: 0.7678
Aussie slightly advanced in the last trading session and a bullish trend might start if it goes higher again. If the trend turns bearish, then the support level 0.7737 might not hold and causing the pair to fall further to 0.7704. However, if the bullish momentum counters then the first resistance level of 0.7795 may be broken and gains could possibly extend to 0.7821.
Pivot point: 0.7763
Resistance level 1: 0.7795 Resistance level 2: 0.7821 Resistance level 3: 0.7853
Support level 1: 0.7737 Support level 2: 0.7704 Support level 3: 0.7678
Aussie slightly advanced in the last trading session and a bullish trend might start if it goes higher again. If the trend turns bearish, then the support level 0.7737 might not hold and causing the pair to fall further to 0.7704. However, if the bullish momentum counters then the first resistance level of 0.7795 may be broken and gains could possibly extend to 0.7821.
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