(16 JUNE 2020)AUD/USD The upside prevails.

(16 JUNE 2020)AUD/USD The upside prevails.

16 June 2020, 09:15
Jiming Huang
0
93

au
Pivot
 (invalidation): 0.6915
Our preference
Long positions above 0.6915 with targets at 0.6985 & 0.7020 in extension.
Alternative scenario
Below 0.6915 look for further downside with 0.6870 & 0.6820 as targets.
Comment
The break above 0.6915 is a positive signal that has opened a path to 0.6985.

(By Swissquote TRADING CENTRAL)

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