(02 January 2020)AUD/USD Intraday support around 0.7000.

(02 January 2020)AUD/USD Intraday support around 0.7000.

2 January 2020, 12:45
Jiming Huang
0
83

au
Pivot
 (invalidation): 0.7000
Our preference
Long positions above 0.7000 with targets at 0.7030 & 0.7045 in extension.
Alternative scenario
Below 0.7000 look for further downside with 0.6990 & 0.6980 as targets.
Comment
A support base at 0.7000 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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