(04 OCTOBER 2018)AUD/USD:Under pressure.

(04 OCTOBER 2018)AUD/USD:Under pressure.

4 October 2018, 09:39
Jiming Huang
0
68

aud

Pivot (invalidation): 0.7125

Our preference

Short positions below 0.7125 with targets at 0.7080 & 0.7035 in extension.

Alternative scenario

Above 0.7125 look for further upside with 0.7145 & 0.7160 as targets.

Comment

The RSI advocates for further downside.

(By Swissquote TRADING CENTRAL) 

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