MAYZUS Daily Technical Levels
AUD/USD – during the day there is a risk of a technical correction
Our turning point is the level of 0.91500
Our preference: Sell the pair below the level of 0.91150, with the nearest targets being 0.90900, 0.90600 and 0.90300.
Alternative scenario: If the resistance level of 0.91500 is breached up with success, then the pair could rise to the following levels: 0.91800 and 0.92250.
Analysis: The technical indicators point that the AUDUSD pair is overbought, the stochastic indicator gave a signal to sell.
Please note that 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.