(17 AUGUST 2018)AUD/USD:Key resistance at 0.7285.

(17 AUGUST 2018)AUD/USD:Key resistance at 0.7285.

17 August 2018, 09:47
Jiming Huang
0
60

aud

Pivot (invalidation): 0.7285

Our preference

Short positions below 0.7285 with targets at 0.7245 & 0.7225 in extension.

Alternative scenario

Above 0.7285 look for further upside with 0.7310 & 0.7335 as targets.

Comment

The index currently faces a challenging resistance area at 0.7285.

(By Swissquote TRADING CENTRAL) 

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