(19 MARCH 2019)AUD/USD:Bullish bias above 0.7090.

(19 MARCH 2019)AUD/USD:Bullish bias above 0.7090.

19 March 2019, 09:19
Jiming Huang
0
66

aud

Pivot (invalidation): 0.7090

Our preference

Long positions above 0.7090 with targets at 0.7120 & 0.7135 in extension.

Alternative scenario

Below 0.7090 look for further downside with 0.7075 & 0.7065 as targets.

Comment

A support base at 0.7090 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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