(07 FEBRUARY 2019)AUD/USD:The downside prevails.

(07 FEBRUARY 2019)AUD/USD:The downside prevails.

7 February 2019, 09:13
Jiming Huang
0
47

aud

Pivot (invalidation): 0.7130

Our preference

Short positions below 0.7130 with targets at 0.7090 & 0.7060 in extension.

Alternative scenario

Above 0.7130 look for further upside with 0.7155 & 0.7180 as targets.

Comment

The RSI calls for a new downleg.

(By Swissquote TRADING CENTRAL)

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