(20 MARCH 2019)AUD/USD:Under pressure.

(20 MARCH 2019)AUD/USD:Under pressure.

20 March 2019, 09:20
Jiming Huang
0
83

aud

Pivot (invalidation): 0.7090

Our preference

Short positions below 0.7090 with targets at 0.7050 & 0.7035 in extension.

Alternative scenario

Above 0.7090 look for further upside with 0.7105 & 0.7120 as targets.

Comment

As Long as the resistance at 0.7090 is not surpassed, the risk of the break below 0.7050

remains high. 

(By Swissquote TRADING CENTRAL)