(26 FEBRUARY 2019)AUD/USD:Bullish bias above 0.7140.

(26 FEBRUARY 2019)AUD/USD:Bullish bias above 0.7140.

26 February 2019, 08:59
Jiming Huang
0
65

aud

Pivot (invalidation): 0.7140

Our preference

Long positions above 0.7140 with targets at 0.7185 & 0.7205 in extension.

Alternative scenario

Below 0.7140 look for further downside with 0.7120 & 0.7100 as targets.

Comment

A support base at 0.7140 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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