AUDUSD Intraday Pivot Levels for 08/07/2015

Both - 0.7357 and 0.7377 - are great pivot areas on the AUD/USD forex pair, at least in my book. The 0.7377 area has acted about seven different times are resistance (orange arrows) in the past 24 hours of trading, and once as support. The 0.7357 area is not as strong of a pivot as 0.7377, but the 5-minute chart is showing that this area has been respected by the market, so it does have technical significance. Mark these two levels on your charts and look for trading opportunities in those areas.


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