(16 JANUARY 2019)AUD/USD:Intraday support around 0.7190.

(16 JANUARY 2019)AUD/USD:Intraday support around 0.7190.

16 January 2019, 09:29
Jiming Huang
0
55

aud

Pivot (invalidation): 0.7190

Our preference

Long positions above 0.7190 with targets at 0.7220 & 0.7235 in extension.

Alternative scenario

Below 0.7190 look for further downside with 0.7175 & 0.7155 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)

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