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

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

14 December 2018, 09:09
Jiming Huang
0
69

aud

Pivot (invalidation): 0.7205

Our preference

Short positions below 0.7205 with targets at 0.7175 & 0.7160 in extension.

Alternative scenario

Above 0.7205 look for further upside with 0.7220 & 0.7235 as targets.

Comment

As Long as the resistance at 0.7205 is not surpassed, the risk of the break below 0.7175

remains high. 

(By Swissquote TRADING CENTRAL)