AUDUSD - Moving higher in a corrective formation
AUDUSD - Intraday - We look to Buy at 0.6879 (stop at 0.6854)
Closed the day little net changed. A bearish Head and Shoulders is forming. Intraday, and we are between bespoke support and resistance 0.6877-0.6997. We have a 78.6% Fibonacci pullback level of 0.6992 from 0.7032 to 0.6849. Trend line resistance is located at 0.6954.
Our profit targets will be 0.6954 and 0.6992
Resistance: 0.6954 / 0.6997 / 0.7000
Support: 0.6898 / 0.6879 / 0.6850
Closed the day little net changed. A bearish Head and Shoulders is forming. Intraday, and we are between bespoke support and resistance 0.6877-0.6997. We have a 78.6% Fibonacci pullback level of 0.6992 from 0.7032 to 0.6849. Trend line resistance is located at 0.6954.
Our profit targets will be 0.6954 and 0.6992
Resistance: 0.6954 / 0.6997 / 0.7000
Support: 0.6898 / 0.6879 / 0.6850
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