(04 August 2020)AUD/USD The upside prevails.

(04 August 2020)AUD/USD The upside prevails.

4 August 2020, 09:00
Jiming Huang
0
90

au
Pivot
 (invalidation): 0.7100
Our preference
Long positions above 0.7100 with targets at 0.7150 & 0.7175 in extension.
Alternative scenario
Below 0.7100 look for further downside with 0.7075 & 0.7050 as targets.
Comment
A support base at 0.7100 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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