(24 MAY 2019)AUD/USD:Caution.

(24 MAY 2019)AUD/USD:Caution.

24 May 2019, 09:18
Jiming Huang
0
69

au

Pivot (invalidation): 0.6880

Our preference

Long positions above 0.6880 with targets at 0.6905 & 0.6925 in extension.

Alternative scenario

Below 0.6880 look for further downside with 0.6865 & 0.6850 as targets.

Comment

A support base at 0.6880 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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