(20 JULY 2018)AUD/USD:Key resistance at 0.7375

Pivot (invalidation): 0.7375

Our preference

Short positions below 0.7375 with targets at 0.7325 & 0.7295 in extension.

Alternative scenario

Above 0.7375 look for further upside with 0.7395 & 0.7420 as targets.

Comment

As Long as the resistance at 0.7375 is not surpassed, the risk of the break below 0.7325

remains high. 

(By Swissquote TRADING CENTRAL)