(12 SEPTEMBER 2018)AUD/USD:The downside prevails.

(12 SEPTEMBER 2018)AUD/USD:The downside prevails.

12 September 2018, 10:30
Jiming Huang
0
51

aud

Pivot (invalidation): 0.7120

Our preference

Short positions below 0.7120 with targets at 0.7085 & 0.7065 in extension.

Alternative scenario

Above 0.7120 look for further upside with 0.7135 & 0.7150 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL) 

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