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

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

5 November 2018, 09:18
Jiming Huang
0
58

aud

Pivot (invalidation): 0.7210

Our preference

Short positions below 0.7210 with targets at 0.7180 & 0.7160 in extension.

Alternative scenario

Above 0.7210 look for further upside with 0.7230 & 0.7260 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL) 


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