(19 JUNE 2018)AUD/USD:The downside prevails.

(19 JUNE 2018)AUD/USD:The downside prevails.

19 June 2018, 14:12
Jiming Huang
0
15

aud


The downside prevails. 

(By Swissquote TRADING CENTRAL)

Pivot (invalidation): 0.7435

Our preference

Short positions below 0.7435 with targets at 0.7385 & 0.7365 in extension.

Alternative scenario

Above 0.7435 look for further upside with 0.7455 & 0.7480 as targets.

Comment

As Long as 0.7435 is resistance, look for choppy price action with a bearish bias.

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