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

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

15 May 2019, 09:16
Jiming Huang
0
9

au

Pivot (invalidation): 0.6950

Our preference

Short positions below 0.6950 with targets at 0.6915 & 0.6900 in extension.

Alternative scenario

Above 0.6950 look for further upside with 0.6965 & 0.6985 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)


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