(20 April 2020)AUD/USD Capped by a negative trend line.

(20 April 2020)AUD/USD Capped by a negative trend line.

20 April 2020, 09:02
Jiming Huang
0
74

au
Pivot
 (invalidation): 0.6370
Our preference
Short positions below 0.6370 with targets at 0.6310 & 0.6290 in extension.
Alternative scenario
Above 0.6370 look for further upside with 0.6385 & 0.6400 as targets.
Comment
The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)

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