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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

AUDUSD 7.8.2024

Technical Analysis
Wednesday, August 07, 2024 - 12:06
Point Trader Group
AUDUSD 7.8.2024

General trend: up.
Expected scenario:
The pair is trading above the support area 0.6450 – 0.6360, which enhances the chances of rising to 0.6600 – 0.6750.
Alternative scenario:
The scenario turns bearish with a break of 0.6360, targeting 0.6300 – 0.6250.
The most important levels
resistance:
0.6600 – 0.6750
support:
0.6360 – 0.6300

*Risk Disclaimer: 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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