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

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

2 May 2019, 09:18
Jiming Huang
0
40

au

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)

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