(14 AUGUST 2018)AUD/USD:Key resistance at 0.7290.

(14 AUGUST 2018)AUD/USD:Key resistance at 0.7290.

14 August 2018, 15:14
Jiming Huang
0
48

aud

Pivot (invalidation): 0.7290

Our preference

Short positions below 0.7290 with targets at 0.7250 & 0.7225 in extension.

Alternative scenario

Above 0.7290 look for further upside with 0.7325 & 0.7360 as targets.

Comment

As Long as 0.7290 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL) 

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