(31 MAY 2019)AUD/USD:Caution.

(31 MAY 2019)AUD/USD:Caution.

31 May 2019, 09:01
Jiming Huang
0
68

au

Pivot (invalidation): 0.6920

Our preference

Short positions below 0.6920 with targets at 0.6900 & 0.6880 in extension.

Alternative scenario

Above 0.6920 look for further upside with 0.6935 & 0.6950 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.6920.

(By Swissquote TRADING CENTRAL)

Share it with friends: