(16 March 2020)AUD/USD Rebound expected.

(16 March 2020)AUD/USD Rebound expected.

16 March 2020, 08:53
Jiming Huang
0
66

au
Pivot
 (invalidation): 0.6120
Our preference
Long positions above 0.6120 with targets at 0.6245 & 0.6300 in extension.
Alternative scenario
Below 0.6120 look for further downside with 0.6075 & 0.6030 as targets.
Comment
A support base at 0.6120 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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