(25 MAY 2020)AUD/USD Under pressure.

(25 MAY 2020)AUD/USD Under pressure.

25 May 2020, 09:04
Jiming Huang
0
81

au
Pivot
 (invalidation): 0.6550
Our preference
Short positions below 0.6550 with targets at 0.6505 & 0.6480 in extension.
Alternative scenario
Above 0.6550 look for further upside with 0.6575 & 0.6595 as targets.
Comment
As Long as the resistance at 0.6550 is not surpassed, the risk of the break below 0.6505
remains high.

(By Swissquote TRADING CENTRAL)