Thursday, August 27, 2015
Intraday AUDUSD Price Pivot for 08/27/2015
The 15-minute chart on the AUD/USD pair is showing a nice pivot area at 0.7158. This level support price on three separate occasions during the US/Europe trading session. The 0.7158 area also acted as resistance earlier in the day, so this price level is a proven pivot area in my eyes. This area is likely to act as support in the future, as AUD/USD is currently trading at 0.7173, which is about 15 pips above the 0.7158 pivot. If price does manage to close underneath 0.7158, then this level will most likely turn into resistance, so keep that in mind as well.
