(18 November 2020)AUD/USD Key resistance at 0.7305.

(18 November 2020)AUD/USD Key resistance at 0.7305.

18 November 2020, 09:17
Jiming Huang
0
106

au
Pivot
 (invalidation): 0.7305
Our preference
Short positions below 0.7305 with targets at 0.7265 & 0.7240 in extension.
Alternative scenario
Above 0.7305 look for further upside with 0.7325 & 0.7340 as targets.
Comment
As Long as the resistance at 0.7305 is not surpassed, the risk of the break below 0.7265
remains high.

(By Swissquote TRADING CENTRAL)