(22 MARCH 2019)AUD/USD:Under pressure.

Pivot (invalidation): 0.7120

Our preference

Short positions below 0.7120 with targets at 0.7090 & 0.7075 in extension.

Alternative scenario

Above 0.7120 look for further upside with 0.7135 & 0.7150 as targets.

Comment

A break below 0.7090 would trigger a drop towards 0.7075.

(By Swissquote TRADING CENTRAL)