(31 AUGUST 2018)AUD/USD:Under pressure.

(31 AUGUST 2018)AUD/USD:Under pressure.

31 August 2018, 10:16
Jiming Huang
0
64

aud

Pivot (invalidation): 0.7270

Our preference

Short positions below 0.7270 with targets at 0.7235 & 0.7215 in extension.

Alternative scenario

Above 0.7270 look for further upside with 0.7300 & 0.7315 as targets.

Comment

The RSI is bearish and calls for further downside

(By Swissquote TRADING CENTRAL) 

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