(12 OCTOBER 2018)AUD/USD:Supported by a rising trend line.

(12 OCTOBER 2018)AUD/USD:Supported by a rising trend line.

12 October 2018, 09:36
Jiming Huang
0
77

aud

Pivot (invalidation): 0.7100

Our preference

Long positions above 0.7100 with targets at 0.7130 & 0.7150 in extension.

Alternative scenario

Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets.

Comment

The RSI is mixed to bullish.

(By Swissquote TRADING CENTRAL) 

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