(04 MAY 2020)AUD/USD Key resistance at 0.6420.

(04 MAY 2020)AUD/USD Key resistance at 0.6420.

4 May 2020, 09:19
Jiming Huang
0
95

au
Pivot
 (invalidation): 0.6420
Our preference
Short positions below 0.6420 with targets at 0.6370 & 0.6350 in extension.
Alternative scenario
Above 0.6420 look for further upside with 0.6445 & 0.6470 as targets.
Comment
As Long as the resistance at 0.6420 is not surpassed, the risk of the break below 0.6370
remains high.

(By Swissquote TRADING CENTRAL)