(09 March 2020)AUD/USD Under pressure.

(09 March 2020)AUD/USD Under pressure.

9 March 2020, 09:12
Jiming Huang
0
81

  au
Pivot
 (invalidation): 0.6580
Our preference
Short positions below 0.6580 with targets at 0.6450 & 0.6400 in extension.
Alternative scenario
Above 0.6580 look for further upside with 0.6625 & 0.6660 as targets.
Comment
As Long as the resistance at 0.6580 is not surpassed, the risk of the break below 0.6450
remains high.

(By Swissquote TRADING CENTRAL)