(08 MARCH 2019)AUD/USD:0.6985 expected.

(08 MARCH 2019)AUD/USD:0.6985 expected.

8 March 2019, 09:22
Jiming Huang
0
57

au

Pivot (invalidation): 0.7030

Our preference

Short positions below 0.7030 with targets at 0.7000 & 0.6985 in extension.

Alternative scenario

Above 0.7030 look for further upside with 0.7050 & 0.7065 as targets.

Comment

A break below 0.7000 would trigger a drop towards 0.6985.

(By Swissquote TRADING CENTRAL)


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