(08 JUNE 2020)AUD/USD Bullish bias above 0.6955.

(08 JUNE 2020)AUD/USD Bullish bias above 0.6955.

8 June 2020, 08:50
Jiming Huang
0
103

au
Pivot
 (invalidation): 0.6955
Our preference
Long positions above 0.6955 with targets at 0.7000 & 0.7015 in extension.
Alternative scenario
Below 0.6955 look for further downside with 0.6925 & 0.6900 as targets.
Comment
A support base at 0.6955 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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