There are no significant changes in the reference/support/resistance area. This analysis is still relevant as a trading reference on April 5, 2019.
Intraday Preferences: BULLISH
Reference Area: 0.71317 (look for BULLISH signal confirmation)
Support: 0.70921, 0.70712, 0.70525
Resistance: 0.71317, 0.71504, 0.71620
Comment:
AUDUSD is approaching the resistance area 0.71317. For the AUDUSD trading strategy based on forex technical analysis today, we can look for buy signal confirmation if later a break above the resistance 0.71317. The target potential is up to the range 0.71504 - 0.71620.
Alternative Strategy:
- If the price falls to break the resistance at 0.71317 and is found a bearish signal confirmation around the resistance area then potentially will be followed by a downward movement to the area of ?? 0.70921. But before opening a sell position make sure the price is really confirmed.