(08 JANUARY 2019)AUD/USD:Intraday support around 0.7105.

(08 JANUARY 2019)AUD/USD:Intraday support around 0.7105.

8 January 2019, 09:25
Jiming Huang
0
65

aud

Pivot (invalidation): 0.7105

Our preference

Long positions above 0.7105 with targets at 0.7150 & 0.7185 in extension.

Alternative scenario

Below 0.7105 look for further downside with 0.7080 & 0.7055 as targets.

Comment

A support base at 0.7105 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 


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