InstaForex - Analytics

    InstaForex

    736.75 6.25/10
    62% of positive reviews
    Real

    AUD/USD - Weekly and Monthly Pivot Points for July 02 - 06, 2012


    Show full picture

    Technical outlook and chart setups:

    The GBP/CHF pair is trading around 1.4890 at the moment after getting above 1.4900 leves earlier today. The pair still has potential to cross the level of 1.5000 before producing a meaningful pullback. It is recommended to book some profits now and look for intraday dips to enter again. Immediate support is seen at 1.4750 followed by 1.4680, 1.4630, 1.4500 and lower, while resistance is seen at 1.4900 followed by 1.5000 and higher respectively. Please note that if the pair needs to form a double top, the reversal from current levels would be sharp and fast.

    Trading recommendations:

    Book some profits on long positions, move stop to break levels, a target is open.

    Good luck!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree