(06 AUGUST 2018)AUD/USD:The bias remains bullish.

(06 AUGUST 2018)AUD/USD:The bias remains bullish.

6 August 2018, 10:01
Jiming Huang
0
53

aud

Pivot (invalidation): 0.7380

Our preference

Long positions above 0.7380 with targets at 0.7410 & 0.7425 in extension.

Alternative scenario

Below 0.7380 look for further downside with 0.7365 & 0.7345 as targets.

Comment

Technically the RSI is above its neutrality area at 50

(By Swissquote TRADING CENTRAL) 

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