(19 OCTOBER 2018)AUD/USD:Key resistance at 0.7115.

Pivot (invalidation): 0.7115

Our preference

Short positions below 0.7115 with targets at 0.7090 & 0.7075 in extension.

Alternative scenario

Above 0.7115 look for further upside with 0.7130 & 0.7150 as targets.

Comment

As Long as the resistance at 0.7115 is not surpassed, the risk of the break below 0.7090

remains high. 

(By Swissquote TRADING CENTRAL)