Intraday: Bearish
Technical Analysis
Preference:
Sell position is envisaged if price trades below 0.68969 with take profit at 0.68540.
Alternative scenario:
Buy position is envisaged if price trades above 0.69587 with take profit at 0.70110.
Fundamentals:
No major economic data with direct bearing on the currency pair.
Comment: Despite the fact that the dollar lost strength between yesterday and today, the AUSSIE is currently trading on a strong and tested resistance zone which rejected price yesterday; it is envisaged that this pair continues trading bearish.
Analysis: SCRUM Team
