AUD/USD Intraday: rebound expected.

Limited Increase
u
2025-05-16 03:52Source:TC

Pivot: 0.6385

Our preference: long positions above 0.6385 with targets at 0.6420 & 0.6440 in extension.

Alternative scenario: below 0.6385 look for further downside with 0.6360 & 0.6340 as targets.

Comment: a support base at 0.6385 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

0.6455

0.6440

0.6420

0.6404 Last

0.6385

0.6360

0.6340

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-16-2025 at 03:52 UTC+1

Price reference: 0.6404 last known on 05-16-2025 at 03:52 UTC+1

Investment horizon: INTRADAY

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