MAYZUS Daily Technical Levels
AUD/USD – during the day there is a risk of a technical correction
Our turning point is the level of 0.90450
Our preference: Sell the pair below the level of 0.90450, with the nearest targets being 0.90200, 0.89950 and 0.89600.
Alternative scenario: If the resistance level of 0.90450 is breached up, then the pair could rise to the following levels: 0.90700 and 0.90950
Analysis: The stochastic is near to the overbought area and will give a signal to sell soon.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.