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

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