(01 FEBRUARY 2019)AUD/USD:Under pressure.

(01 FEBRUARY 2019)AUD/USD:Under pressure.

2 February 2019, 06:51
Jiming Huang
0
47

au

Pivot (invalidation): 0.7275

Our preference

Short positions below 0.7275 with targets at 0.7225 & 0.7205 in extension.

Alternative scenario

Above 0.7275 look for further upside with 0.7295 & 0.7325 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL)

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