(20 JULY 2020)AUD/USD Key resistance at 0.6995

(20 JULY 2020)AUD/USD Key resistance at 0.6995

21 July 2020, 04:18
Jiming Huang
0
92

au
Pivot
 (invalidation): 0.6995
Our preference
Short positions below 0.6995 with targets at 0.6960 & 0.6950 in extension.
Alternative scenario
Above 0.6995 look for further upside with 0.7005 & 0.7015 as targets.
Comment
As Long as the resistance at 0.6995 is not surpassed, the risk of the break below 0.6960
remains high.

(By Swissquote TRADING CENTRAL)