The AUD/USD chart currently exhibits a neutral momentum with a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st support level at 0.6386 is identified as an overlap support that aligns with the 50.00% Fibonacci retracement level. Further below, the 2nd support level at 0.6348 is marked as a pullback support.
To the upside, the 1st resistance level at 0.6457 is identified as a swing-high resistance that aligns with the 78.60% Fibonacci retracement level. Additionally, the 2nd resistance level at 0.6493 is also noted as a swing-high resistance.
The material has been provided by InstaForex Company – www.instaforex.com
The AUD/USD chart currently exhibits a neutral momentum with a potential scenario for price to fluctuate between the 1st resistance and the 1st support levels.
The 1st support level at 0.6386 is identified as an overlap support that aligns with the 50.00% Fibonacci retracement level. Further below, the 2nd support level at 0.6348 is marked as a pullback support.
To the upside, the 1st resistance level at 0.6457 is identified as a swing-high resistance that aligns with the 78.60% Fibonacci retracement level. Additionally, the 2nd resistance level at 0.6493 is also noted as a swing-high resistance.
The material has been provided by InstaForex Company – www.instaforex.com
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