(13 November 2019)AUD/USD Capped by a negative trend line.

(13 November 2019)AUD/USD Capped by a negative trend line.

13 November 2019, 09:11
Jiming Huang
0
78

au
Pivot
 (invalidation): 0.6855
Our preference
Short positions below 0.6855 with targets at 0.6820 & 0.6810 in extension.
Alternative scenario
Above 0.6855 look for further upside with 0.6865 & 0.6875 as targets.
Comment
As Long as the resistance at 0.6855 is not surpassed, the risk of the break below 0.6820
remains high.

(By Swissquote TRADING CENTRAL)