(06 MAY 2019)AUD/USD:The downside prevails.

Pivot (invalidation): 0.7000

Our preference

Short positions below 0.7000 with targets at 0.6960 & 0.6940 in extension.

Alternative scenario

Above 0.7000 look for further upside with 0.7020 & 0.7030 as targets.

Comment

As Long as the resistance at 0.7000 is not surpassed, the risk of the break below 0.6960

remains high. 

(By Swissquote TRADING CENTRAL)