(27 JULY 2018)AUD/USD:Key resistance at 0.7410.

Pivot (invalidation): 0.7410

Our preference

Short positions below 0.7410 with targets at 0.7360 & 0.7340 in extension.

Alternative scenario

Above 0.7410 look for further upside with 0.7430 & 0.7450 as targets.

Comment

As Long as the resistance at 0.7410 is not surpassed, the risk of the break below 0.7360

remains high. 

(By Swissquote TRADING CENTRAL)