(10 MAY 2019)AUD/USD:Caution.

(10 MAY 2019)AUD/USD:Caution.

10 May 2019, 09:24
Jiming Huang
0
42

au

Pivot (invalidation): 0.6995

Our preference

Long positions above 0.6995 with targets at 0.7025 & 0.7050 in extension.

Alternative scenario

Below 0.6995 look for further downside with 0.6980 & 0.6965 as targets.

Comment

A support base at 0.6995 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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