Monday, August 24, 2015
Intraday AUDUSD Price Pivot for 08/24/2015
The markets have been extremely volatile since opening on Sunday, but great pivot levels are still forming. The 5-minute chart on the AUD/USD Forex pair is clearly showing that the 0.7250 area is of technical significance. The market used this area as support on two occasions in the past eight hours of trading. Once price closed underneath 0.7250, this area then acted as resistance. The AUD/USD pair is currently trading underneath 0.7250, so this area should now act as resistance again!
