(20 DECEMBER 2018)AUD/USD:Under pressure.

(20 DECEMBER 2018)AUD/USD:Under pressure.

20 December 2018, 09:06
Jiming Huang
0
57

au

Pivot (invalidation): 0.7130

Our preference

Short positions below 0.7130 with targets at 0.7085 & 0.7065 in extension.

Alternative scenario

Above 0.7130 look for further upside with 0.7145 & 0.7160 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL) 

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