(31 JULY 2019)AUD/USD:Rebound expected.

(31 JULY 2019)AUD/USD:Rebound expected.

31 July 2019, 08:59
Jiming Huang
0
58

au

Pivot (invalidation): 0.6860

Our preference

Long positions above 0.6860 with targets at 0.6910 & 0.6930 in extension.

Alternative scenario

Below 0.6860 look for further downside with 0.6845 & 0.6830 as targets.

Comment

The RSI calls for a rebound.

(By Swissquote TRADING CENTRAL)

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