(02 November 2020)AUD/USD Key resistance at 0.7035.

(02 November 2020)AUD/USD Key resistance at 0.7035.

2 November 2020, 12:13
Jiming Huang
0
82

au
Pivot
 (invalidation): 0.7035
Our preference
Short positions below 0.7035 with targets at 0.6995 & 0.6975 in extension.
Alternative scenario
Above 0.7035 look for further upside with 0.7055 & 0.7070 as targets.
Comment
As Long as the resistance at 0.7035 is not surpassed, the risk of the break below 0.6995
remains high.

(By Swissquote TRADING CENTRAL)