(31 JULY 2018)AUD/USD:Towards 0.7430.

(31 JULY 2018)AUD/USD:Towards 0.7430.

31 July 2018, 09:14
Jiming Huang
0
96

aud

Pivot (invalidation): 0.7400

Our preference

Long positions above 0.7400 with targets at 0.7430 & 0.7445 in extension.

Alternative scenario

Below 0.7400 look for further downside with 0.7385 & 0.7370 as targets.

Comment

The RSI is supported by a rising trend line.

(By Swissquote TRADING CENTRAL) 

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