(12 JUNE 2019)AUD/USD:The downside prevails.

(12 JUNE 2019)AUD/USD:The downside prevails.

12 June 2019, 09:10
Jiming Huang
0
10

au

Pivot (invalidation): 0.6965

Our preference

Short positions below 0.6965 with targets at 0.6935 & 0.6925 in extension.

Alternative scenario

Above 0.6965 look for further upside with 0.6975 & 0.6990 as targets.

Comment

As Long as the resistance at 0.6965 is not surpassed, the risk of the break below 0.6935

remains high. 

(By Swissquote TRADING CENTRAL)


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