(16 AUGUST 2018)AUD/USD:Target 0.7290.

(16 AUGUST 2018)AUD/USD:Target 0.7290.

16 August 2018, 09:53
Jiming Huang
0
59

aud

Pivot (invalidation): 0.7225

Our preference

Long positions above 0.7225 with targets at 0.7290 & 0.7320 in extension.

Alternative scenario

Below 0.7225 look for further downside with 0.7200 & 0.7180 as targets.

Comment

The RSI is supported by a rising trend line.

(By Swissquote TRADING CENTRAL) 

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