The AUD/USD drifts lower for the second successive day on Monday and drops to a one-and-half-week low, around the 0.6675 region during the Asian session.
Our Analysis:
Provided that the currency pair is below 0.6800, follow the recommendations below: - Time frame: D1
- Recommendation: short position
- Entry point: 0.6670
- Take Profit 1: 0.6550
- Take Profit 2: 0.6400
Alternative scenario:
In case the level 0.6800 is broken-out, follow the recommendations below: - Time frame: D1
- Recommendation: long position
- Entry point: 0.6800
- Take Profit 1: 0.6900
- Take Profit 2: 0.7000
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