(04 JUNE 2019)AUD/USD:The upside prevails.

(04 JUNE 2019)AUD/USD:The upside prevails.

4 June 2019, 09:37
Jiming Huang
0
79

au

Pivot (invalidation): 0.6950

Our preference

Long positions above 0.6950 with targets at 0.6985 & 0.7005 in extension.

Alternative scenario

Below 0.6950 look for further downside with 0.6935 & 0.6925 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)

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