(07 AUGUST 2018)AUD/USD:Key resistance at 0.7400.

(07 AUGUST 2018)AUD/USD:Key resistance at 0.7400.

7 August 2018, 15:05
Jiming Huang
0
42

aud

Pivot (invalidation): 0.7400

Our preference

Short positions below 0.7400 with targets at 0.7375 & 0.7360 in extension.

Alternative scenario

Above 0.7400 look for further upside with 0.7410 & 0.7425 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.7400.

(By Swissquote TRADING CENTRAL) 

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