Pivot point: 0.7360
The expected scenario: Entering long positions at the highest levels of 0.7360, targeting the levels of 0.7400 and then the 0.7430.
Alternative scenario: entering short positions below the 0.7360 levels, targeting the 0.7310 levels.
Comment: The Australian dollar pair is still maintaining the general upward trend through a series of successive tops and bottoms, as we witnessed the pair ending last week's trading at the 0.7370 levels, which It is expected that we will witness more rises during the beginning of this week's trading, especially in light of the presence of a positive crossover in the moving averages (50 - 100), which supports the positive outlook for the pair's trading, in the short term, targeting the levels mentioned above.
