(04 September 2020)AUD/USD The downside prevails.

(04 September 2020)AUD/USD The downside prevails.

4 September 2020, 09:12
Jiming Huang
0
87

au
Pivot
 (invalidation): 0.7300
Our preference
Short positions below 0.7300 with targets at 0.7250 & 0.7230 in extension.
Alternative scenario
Above 0.7300 look for further upside with 0.7320 & 0.7340 as targets.
Comment
As Long as the resistance at 0.7300 is not surpassed, the risk of the break below 0.7250
remains high.

(By Swissquote TRADING CENTRAL)