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

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)