(31 OCTOBER 2018)AUD/USD:Turning down.

(31 OCTOBER 2018)AUD/USD:Turning down.

31 October 2018, 09:18
Jiming Huang
0
56

aud

Pivot (invalidation): 0.7105

Our preference

Short positions below 0.7105 with targets at 0.7070 & 0.7050 in extension.

Alternative scenario

Above 0.7105 look for further upside with 0.7120 & 0.7135 as targets.

Comment

A break below 0.7070 would trigger a drop towards 0.7050.

(By Swissquote TRADING CENTRAL) 


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