(01 MAY 2019)AUD/USD:Key resistance at 0.7060.

(01 MAY 2019)AUD/USD:Key resistance at 0.7060.

1 May 2019, 09:53
Jiming Huang
0
78

au

Pivot (invalidation): 0.7060

Our preference

Short positions below 0.7060 with targets at 0.7030 & 0.7020 in extension.

Alternative scenario

Above 0.7060 look for further upside with 0.7080 & 0.7100 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.7060


(By Swissquote TRADING CENTRAL)


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