AUDUSD 04.05.2021

Technical Analysis
Tuesday, May 04, 2021 - 02:25
Point Trader Group
AUDUSD 04.05.2021

Overview:

Prices are moving sideways

Expected scenario:

It is possible to wait for the pair until it reaches the level of 0.7700 - 0.7692 to enter buying if positive signals appear, targeting 0.7750 levels.

Alternative scenario:

On the other hand, we think that it is possible to wait for the pair until it reaches 0.7800 - 0.7815 and to go short in the event that negative signals appear to target 0.7720.

Resistance

0.7800

0.7815

0.7860

Support

0.7700

0.7690

0.7650

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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