(02 MAY 2019)AUD/USD:Key resistance at 0.7035.

Pivot (invalidation): 0.7035

Our preference

Short positions below 0.7035 with targets at 0.7005 & 0.6985 in extension.

Alternative scenario

Above 0.7035 look for further upside with 0.7050 & 0.7060 as targets.

Comment

Even though a continuation of the technical rebound cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)