(28 AUGUST 2018)AUD/USD:Caution.

(28 AUGUST 2018)AUD/USD:Caution.

28 August 2018, 09:33
Jiming Huang
0
65

aud

Pivot (invalidation): 0.7325

Our preference

Long positions above 0.7325 with targets at 0.7355 & 0.7370 in extension.

Alternative scenario

Below 0.7325 look for further downside with 0.7305 & 0.7285 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL) 

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