AUD/USD technical analyse 4th November

Pivot: 0.875

Our preference: Short positions below 0.875 with targets @ 0.8645 & 0.8605 in extension.

Alternative scenario: Above 0.875 look for further upside with 0.8805 & 0.885 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

0.885

0.8805

0.875

0.8698 Last

0.8645

0.8605

0.859

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