(19 OCTOBER 2018)AUD/USD:Key resistance at 0.7115.

(19 OCTOBER 2018)AUD/USD:Key resistance at 0.7115.

19 October 2018, 14:44
Jiming Huang
0
15

aud

Pivot (invalidation): 0.7115

Our preference

Short positions below 0.7115 with targets at 0.7090 & 0.7075 in extension.

Alternative scenario

Above 0.7115 look for further upside with 0.7130 & 0.7150 as targets.

Comment

As Long as the resistance at 0.7115 is not surpassed, the risk of the break below 0.7090

remains high. 

(By Swissquote TRADING CENTRAL) 

Share it with friends: