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

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

18 February 2019, 08:58
Jiming Huang
0
14

aud

Pivot (invalidation): 0.7110

Our preference

Short positions below 0.7110 with targets at 0.7070 & 0.7050 in extension.

Alternative scenario

Above 0.7110 look for further upside with 0.7135 & 0.7150 as targets.

Comment

The RSI calls for a drop.

(By Swissquote TRADING CENTRAL)

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