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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, February 9, 2021

Technical Analysis
Tuesday, February 09, 2021 - 13:40
Point Trader Group
AUDUSD, February 9, 2021

Overview:

Prices are moving in a short-term uptrend

Expected:

The pair is trading above a strong support level around 0.7710, which might push the pair to go downwards to reach the level of 0.7736.

Alternative Scenario:

On the other hand, we think that if the level of 0.7710 is broken to the downside, the pair might be pushed downwards to 0.7663.

Resistance0.77880.77510.7736
Support0.76250.76630.7710

 

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