(13 AUGUST 2018)AUD/USD:The downside prevails.

(13 AUGUST 2018)AUD/USD:The downside prevails.

13 August 2018, 10:02
Jiming Huang
0
49

aud

Pivot (invalidation): 0.7305

Our preference

Short positions below 0.7305 with targets at 0.7250 & 0.7225 in extension.

Alternative scenario

Above 0.7305 look for further upside with 0.7325 & 0.7360 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL) 

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