(28 MAY 2019)AUD/USD:The bias remains bullish.

(28 MAY 2019)AUD/USD:The bias remains bullish.

28 May 2019, 09:36
Jiming Huang
0
68

ay

Pivot (invalidation): 0.6910

Our preference

Long positions above 0.6910 with targets at 0.6925 & 0.6940 in extension.

Alternative scenario

Below 0.6910 look for further downside with 0.6900 & 0.6890 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)


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