(20 AUGUST 2018)AUD/USD:Further upside.

(20 AUGUST 2018)AUD/USD:Further upside.

20 August 2018, 09:38
Jiming Huang
0
12

aud

Pivot (invalidation): 0.7285

Our preference

Long positions above 0.7285 with targets at 0.7335 & 0.7360 in extension.

Alternative scenario

Below 0.7285 look for further downside with 0.7265 & 0.7245 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL) 

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