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

Pivot (invalidation): 0.7095

Our preference

Short positions below 0.7095 with targets at 0.7060 & 0.7040 in extension.

Alternative scenario

Above 0.7095 look for further upside with 0.7115 & 0.7135 as targets.

Comment

As Long as the resistance at 0.7095 is not surpassed, the risk of the break below 0.7060

remains high. 

(By Swissquote TRADING CENTRAL)