(06 DECEMBER 2018) AUD/USD:The downside prevails.

(06 DECEMBER 2018) AUD/USD:The downside prevails.

6 December 2018, 09:11
Jiming Huang
0
17

aud

Pivot (invalidation): 0.7260

Our preference

Short positions below 0.7260 with targets at 0.7200 & 0.7160 in extension.

Alternative scenario

Above 0.7260 look for further upside with 0.7280 & 0.7300 as targets.

Comment

The RSI has broken down its 30 level. 

(By Swissquote TRADING CENTRAL) 

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