(08 JULY 2019)AUD/USD:Key resistance at 0.6995.

(08 JULY 2019)AUD/USD:Key resistance at 0.6995.

8 July 2019, 09:18
Jiming Huang
0
41

au

Pivot (invalidation): 0.6995

Our preference

Short positions below 0.6995 with targets at 0.6970 & 0.6955 in extension.

Alternative scenario

Above 0.6995 look for further upside with 0.7010 & 0.7025 as targets.

Comment

A break below 0.6970 would trigger a drop towards 0.6955.

(By Swissquote TRADING CENTRAL)


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