(16 JULY 2019)AUD/USD:Turning down.

(16 JULY 2019)AUD/USD:Turning down.

16 July 2019, 09:11
Jiming Huang
0
52

au

Pivot (invalidation): 0.7045

Our preference

Short positions below 0.7045 with targets at 0.7020 & 0.7010 in extension.

Alternative scenario

Above 0.7045 look for further upside with 0.7060 & 0.7080 as targets.

Comment

The RSI shows downside momentum.

(By Swissquote TRADING CENTRAL)


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