Having overcome the resistance level 1.002, the AUD/USD pair continued the descending movement.
Presently the main target for sellers is seen at the support level of 0.988.
The point 1.014 is considered as the resistance level. In case it has been overcome, the weak signal for Buy-deals will be provided against the main trend line opening the way to the point 1.020.
Relative strength index is located in the O column, confirming the sellers’ force.
Axel Rudolph's levels for today:
Pivot point (rotation point): 0,9982
If the price is below the pivot, an asset is considered as bearish.
If the price is above the pivot, an asset is considered as bullish.
Resistance 1: 1,0008
Resistance 2: 1,006
Support 1: 0,993
Support 1: 0,9904
As long as the main tendency remains downward, today it is recommended to sell the pair after a breakdown of the support level 0,993 with 0,9904 seen as first target.
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Analista: Sergey Litvinenko
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