(22 OCTOBER 2018)AUD/USD:Key resistance at 0.7120.

Pivot (invalidation): 0.7120

Our preference

Short positions below 0.7120 with targets at 0.7090 & 0.7070 in extension.

Alternative scenario

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

Comment

Technically the RSI is below its neutrality area at 50

(By Swissquote TRADING CENTRAL)