Technical Analysis : AUD/USD 11 May 2021

11 May 2021 Analysis (Forex, CFDs, Cryptocurrency)AUD/USDCurrency Pairs

Forex Technical Analysis : AUDUSD 11 May 2021

Forex Technical Analysis : AUDUSD

Date : 11 May 2021

Pivot point : 0.7860

Our preference : short positions below 0.7860 with targets at 0.7820 & 0.7800 in extension.

Alternative scenario : above 0.7860 look for further upside with 0.7875 & 0.7890 as targets.

Comment : a break below 0.7820 would trigger a drop towards 0.7800.

Supports and resistances :

0.7890 **
0.7875 *
0.7860
0.7837 – Last price
0.7820
0.7800 *
0.7775 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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