AUD vs USD

AUD/USD ST: the upside prevails.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 0.7035
  
• Our preference: long positions above 0.7035 with targets at 0.7440 & 0.7570 in extension.
  
• Alternative scenario: below 0.7035 look for further downside with 0.6960 & 0.6825 as targets.
  
• Comment: the RSI calls for a new upleg.
  

AUD/USD ST: key resistance at 0.7310.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 0.7310
  
• Our preference: short positions below 0.7310 with targets at 0.6960 & 0.6825 in extension.
  
• Alternative scenario: above 0.7310 look for further upside with 0.7440 & 0.7570 as targets.
  
• Comment: as long as 0.7310 is resistance, look for choppy price action with a bearish bias. The pair is trading within a bearish channel drawn from the high of 2018.
  

AUD/USD ST: further advance.(01.14.2018/20:26:33 CET )

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• Pivot: 0.7690
  
• Our preference: long positions above 0.7690 with targets at 0.8000 & 0.8125 in extension.
  
• Alternative scenario: below 0.7690 look for further downside with 0.7500 & 0.7325 as targets.
  
• Comment: the RSI is bullish and calls for further advance.
  

AUD/USD ST: 0.7890 in sight.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 0.7620
  
• Our preference: long positions above 0.7620 with targets at 0.7890 & 0.8000 in extension.
  
• Alternative scenario: below 0.7620 look for further downside with 0.7500 & 0.7325 as targets.
  
• Comment: the RSI is bullish and calls for further upside.
  

AUD/USD ST: key resistance at 0.7750.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 0.7750
  
• Our preference: short positions below 0.7750 with targets at 0.7465 & 0.7325 in extension.
  
• Alternative scenario: above 0.7750 look for further upside with 0.7890 & 0.8125 as targets.
  
• Comment: the upward potential is likely to be limited by the resistance at 0.7750.
  

AUD/USD ST: towards 0.7465.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 0.7750
  
• Our preference: short positions below 0.7750 with targets at 0.7465 & 0.7325 in extension.
  
• Alternative scenario: above 0.7750 look for further upside with 0.7890 & 0.8125 as targets.
  
• Comment: a break below 0.7465 would trigger a drop towards 0.7325.
  

AUD/USD ST: the downside prevails.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 0.7750
  
• Our preference: short positions below 0.7750 with targets at 0.7465 & 0.7325 in extension.
  
• Alternative scenario: above 0.7750 look for further upside with 0.7890 & 0.8125 as targets.
  
• Comment: the RSI is bearish and calls for further downside.