The AUD/USD pair extended the pull back from the 21-day exponential moving average price and slipped below the major psychological support level of 0.69000 level on Friday. The risk-sensitive Australian dollar remains on bear target ahead of the most anticipated rate hike decision. From a fundamental perspective, an aggressive interest rate hike from U.S. central bank is bearish for Aussie. Federal Reserve chairperson Jerome Powell has already signaled an aggressive rate hike in the previous weeks which is keeping the bears hopeful for more downside extensions.
Pivot Points Sep 16, 2022 11:40AM GMT
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.6656 | 0.6665 | 0.6679 | 0.6688 | 0.6702 | 0.6711 | 0.6725 |
| Fibonacci | 0.6665 | 0.6674 | 0.6679 | 0.6688 | 0.6697 | 0.6702 | 0.6711 |
| Camarilla | 0.6687 | 0.6689 | 0.6691 | 0.6688 | 0.6696 | 0.6698 | 0.6700 |
| Woodie’s | 0.6660 | 0.6667 | 0.6683 | 0.6690 | 0.6706 | 0.6713 | 0.6729 |
| DeMark’s | – | – | 0.6684 | 0.6691 | 0.6707 | – | – |
– Disclaimer –
We do not provide any Investment Advice. Trading any instrument carries a high degree of risk and you could lose full or more than your initial capital. We will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on the information presented on this website. Kindly consult with your financial advisor before trading or investing.
Ref link
