(07 MAY 2019)AUD/USD:Towards 0.7025.

(07 MAY 2019)AUD/USD:Towards 0.7025.

7 May 2019, 10:25
Jiming Huang
0
50

au

Pivot (invalidation): 0.6980

Our preference

Long positions above 0.6980 with targets at 0.7005 & 0.7025 in extension.

Alternative scenario

Below 0.6980 look for further downside with 0.6960 & 0.6945 as targets.

Comment

Technically the RSI is above its neutrality area at 50

(By Swissquote TRADING CENTRAL)

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