(02 AUGUST 2019)AUD/USD:Key resistance at 0.6830.

(02 AUGUST 2019)AUD/USD:Key resistance at 0.6830.

2 August 2019, 09:20
Jiming Huang
0
45

au

Pivot (invalidation): 0.6830

Our preference

Short positions below 0.6830 with targets at 0.6790 & 0.6765 in extension.

Alternative scenario

Above 0.6830 look for further upside with 0.6865 & 0.6895 as targets.

Comment

As Long as the resistance at 0.6830 is not surpassed, the risk of the break below 0.6790

remains high. 

(By Swissquote TRADING CENTRAL)