(05 OCTOBER 2018)AUD/USD:Under pressure.

(05 OCTOBER 2018)AUD/USD:Under pressure.

5 October 2018, 09:17
Jiming Huang
0
57

aud

Pivot (invalidation): 0.7085

Our preference

Short positions below 0.7085 with targets at 0.7050 & 0.7035 in extension.

Alternative scenario

Above 0.7085 look for further upside with 0.7100 & 0.7115 as targets.

Comment

The RSI broke below a bullish trend line.

(By Swissquote TRADING CENTRAL) 


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