(13 MARCH 2019)AUD/USD:The downside prevails.

(13 MARCH 2019)AUD/USD:The downside prevails.

13 March 2019, 09:04
Jiming Huang
0
75

aud

Pivot (invalidation): 0.7075

Our preference

Short positions below 0.7075 with targets at 0.7035 & 0.7025 in extension.

Alternative scenario

Above 0.7075 look for further upside with 0.7090 & 0.7100 as targets.

Comment

The break below 0.7075 is a negative signal that has opened a path to 0.7035.

(By Swissquote TRADING CENTRAL)

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