(03 OCTOBER 2018)AUD/USD:Key resistance at 0.7200

(03 OCTOBER 2018)AUD/USD:Key resistance at 0.7200

3 October 2018, 10:08
Jiming Huang
0
71

aud

Pivot (invalidation): 0.7200

Our preference

Short positions below 0.7200 with targets at 0.7160 & 0.7140 in extension.

Alternative scenario

Above 0.7200 look for further upside with 0.7220 & 0.7240 as targets.

Comment

As Long as the resistance at 0.7200 is not surpassed, the risk of the break below 0.7160

remains high. 

(By Swissquote TRADING CENTRAL)