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

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

5 December 2018, 09:09
Jiming Huang
0
57

aud

Pivot (invalidation): 0.7325

Our preference

Short positions below 0.7325 with targets at 0.7260 & 0.7230 in extension.

Alternative scenario

Above 0.7325 look for further upside with 0.7355 & 0.7375 as targets.

Comment

The RSI advocates for further downside.

(By Swissquote TRADING CENTRAL) 

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