(16 October 2020)AUD/USD Under pressure.

(16 October 2020)AUD/USD Under pressure.

16 October 2020, 09:20
Jiming Huang
0
74

au
Pivot
 (invalidation): 0.7100
Our preference
Short positions below 0.7100 with targets at 0.7055 & 0.7030 in extension.
Alternative scenario
Above 0.7100 look for further upside with 0.7125 & 0.7150 as targets.
Comment
As Long as the resistance at 0.7100 is not surpassed, the risk of the break below 0.7055
remains high.

(By Swissquote TRADING CENTRAL)