(05 JUNE 2019)AUD/USD:0.7025 expected.

(05 JUNE 2019)AUD/USD:0.7025 expected.

5 June 2019, 09:08
Jiming Huang
0
58

au

Pivot (invalidation): 0.6985

Our preference

Long positions above 0.6985 with targets at 0.7005 & 0.7025 in extension.

Alternative scenario

Below 0.6985 look for further downside with 0.6970 & 0.6955 as targets.

Comment

A support base at 0.6985 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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