(07 JUNE 2019)AUD/USD:Bullish bias above 0.6970.

(07 JUNE 2019)AUD/USD:Bullish bias above 0.6970.

7 June 2019, 09:45
Jiming Huang
0
61

ai

Pivot (invalidation): 0.6970

Our preference

Long positions above 0.6970 with targets at 0.6990 & 0.7005 in extension.

Alternative scenario

Below 0.6970 look for further downside with 0.6960 & 0.6950 as targets.

Comment

A support base at 0.6970 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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