(03 MAY 2019)AUD/USD:Aim @ 0.6970.

(03 MAY 2019)AUD/USD:Aim @ 0.6970.

3 May 2019, 09:15
Jiming Huang
0
70

au

Pivot (invalidation): 0.7010

Our preference

Short positions below 0.7010 with targets at 0.6985 & 0.6970 in extension.

Alternative scenario

Above 0.7010 look for further upside with 0.7030 & 0.7050 as targets.

Comment

A break below 0.6985 would trigger a drop towards 0.6970.

(By Swissquote TRADING CENTRAL)