(03 SEPTEMBER 2018)AUD/USD:Under pressure.

(03 SEPTEMBER 2018)AUD/USD:Under pressure.

3 September 2018, 09:39
Jiming Huang
0
64

aud

Pivot (invalidation): 0.7215

Our preference

Short positions below 0.7215 with targets at 0.7160 & 0.7135 in extension.

Alternative scenario

Above 0.7215 look for further upside with 0.7240 & 0.7275 as targets.

Comment

As Long as the resistance at 0.7215 is not surpassed, the risk of the break below 0.7160

remains high. 

(By Swissquote TRADING CENTRAL)