(06 MAY 2020)AUD/USD Turning down.

(06 MAY 2020)AUD/USD Turning down.

6 May 2020, 09:15
Jiming Huang
0
78

au
Pivot
 (invalidation): 0.6460
Our preference
Short positions below 0.6460 with targets at 0.6400 & 0.6380 in extension.
Alternative scenario
Above 0.6460 look for further upside with 0.6475 & 0.6495 as targets.
Comment
As Long as the resistance at 0.6460 is not surpassed, the risk of the break below 0.6400
remains high.

(By Swissquote TRADING CENTRAL)