(12 MARCH 2019)AUD/USD:Further upside.

(12 MARCH 2019)AUD/USD:Further upside.

12 March 2019, 08:49
Jiming Huang
0
60

aud

Pivot (invalidation): 0.7050

Our preference

Long positions above 0.7050 with targets at 0.7090 & 0.7100 in extension.

Alternative scenario

Below 0.7050 look for further downside with 0.7035 & 0.7025 as targets.

Comment

The break above 0.7050 is a positive signal that has opened a path to 0.7090

(By Swissquote TRADING CENTRAL)


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