(22 FEBRUARY 2019)AUD/USD:Turning down.

Pivot (invalidation): 0.7115

Our preference

Short positions below 0.7115 with targets at 0.7065 & 0.7050 in extension.

Alternative scenario

Above 0.7115 look for further upside with 0.7140 & 0.7165 as targets.

Comment

As Long as the resistance at 0.7115 is not surpassed, the risk of the break below 0.7065

remains high. 

(By Swissquote TRADING CENTRAL)