(21 NOVEMBER 2018)AUD/USD:Key resistance at 0.7250.

Pivot (invalidation): 0.7250

Our preference

Short positions below 0.7250 with targets at 0.7200 & 0.7185 in extension.

Alternative scenario

Above 0.7250 look for further upside with 0.7270 & 0.7285 as targets.

Comment

As Long as the resistance at 0.7250 is not surpassed, the risk of the break below 0.7200

remains high. 

(By Swissquote TRADING CENTRAL)