(11 DECEMBER 2018)AUD/USD:Key resistance at 0.7225.

(11 DECEMBER 2018)AUD/USD:Key resistance at 0.7225.

11 December 2018, 09:02
Jiming Huang
0
64

aud

Pivot (invalidation): 0.7225

Our preference

Short positions below 0.7225 with targets at 0.7175 & 0.7140 in extension.

Alternative scenario

Above 0.7225 look for further upside with 0.7245 & 0.7275 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.7225.

(By Swissquote TRADING CENTRAL) 

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