(27 AUGUST 2018)AUD/USD:Caution.

(27 AUGUST 2018)AUD/USD:Caution.

27 August 2018, 09:41
Jiming Huang
0
45

aud

Pivot (invalidation): 0.7315

Our preference

Long positions above 0.7315 with targets at 0.7345 & 0.7365 in extension.

Alternative scenario

Below 0.7315 look for further downside with 0.7285 & 0.7265 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL) 

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