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

 

  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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