AUD/USD: Exercise Patience Amid Pivot Point Signals
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
Comment:
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!
Comment:
The updated support levels on the 1-day chart reveal values at 0.65681, 0.656014, and 0.653629 respectively.