(25 APRIL 2019)AUD/USD:Key resistance at 0.7030.

(25 APRIL 2019)AUD/USD:Key resistance at 0.7030.

25 April 2019, 09:25
Jiming Huang
0
45

aud

Pivot (invalidation): 0.7030

Our preference

Short positions below 0.7030 with targets at 0.7000 & 0.6970 in extension.

Alternative scenario

Above 0.7030 look for further upside with 0.7050 & 0.7080 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.7030.

(By Swissquote TRADING CENTRAL)


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