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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 September, 28 2020

Technical Analysis
Monday, September 28, 2020 - 18:19
Point Trader Group
AUDUSD September, 28 2020

Overview:

The above chart shows that the pair is trading below a strong resistance level around 0.7090, which enhances the downside chances during today's trading.

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 0.7015

Alternative Scenario:

On the other hand, we think that if the 0.7090 level is broken to the upside, this pair might push up to 0.7130


 

Resistance0.70900.71300.7150
Support0.70150.70000.6975

*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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