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

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

16 May 2019, 09:32
Jiming Huang
0
79

au

Pivot (invalidation): 0.6935

Our preference

Short positions below 0.6935 with targets at 0.6890 & 0.6870 in extension.

Alternative scenario

Above 0.6935 look for further upside with 0.6950 & 0.6960 as targets.

Comment

The RSI is bearish and calls for further downside.

(By Swissquote TRADING CENTRAL)

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