AUD/USD: Exercise Patience Amid Pivot Point Signals
Updated
Hello Everyone,
The AUD/USD recently tested its daily (0.66781), weekly (0.66472), and monthly (0.66406) lows, with a potential retest of the monthly support at 0.662164 before any significant upward movement. It is advisable to exercise patience and observe how the price evolves before considering a long position. The inclusion of yearly and monthly pivot points is crucial in this analysis, with 4-hour pivot point at 0.669932, 1-day at 0.668743, 1-week at 0.673152, 1-month at 0.673618, and 1-year at 0.674665 for perspective. Clearing these pivot points could signal an upcoming upside movement, possibly reaching 0.682396. Emphasizing patience as a key strategy in the current market scenario is crucial.
If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable.
TradeWithTheTrend3344
The AUD/USD recently tested its daily (0.66781), weekly (0.66472), and monthly (0.66406) lows, with a potential retest of the monthly support at 0.662164 before any significant upward movement. It is advisable to exercise patience and observe how the price evolves before considering a long position. The inclusion of yearly and monthly pivot points is crucial in this analysis, with 4-hour pivot point at 0.669932, 1-day at 0.668743, 1-week at 0.673152, 1-month at 0.673618, and 1-year at 0.674665 for perspective. Clearing these pivot points could signal an upcoming upside movement, possibly reaching 0.682396. Emphasizing patience as a key strategy in the current market scenario is crucial.
If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable.
TradeWithTheTrend3344
Note
At this juncture, it is essential to take into account the annual support levels at 0.65677 and 0.632359. Be cautious and wait to see how it develops over time!Note
The updated support levels on the 1-day chart reveal values at 0.65681, 0.656014, and 0.653629 respectively.
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