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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
| Resistance | 0.7090 | 0.7130 | 0.7150 |
| Support | 0.7015 | 0.7000 | 0.6975 |
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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