(25 JUNE 2019)AUD/USD:Bullish bias above 0.6945.

(25 JUNE 2019)AUD/USD:Bullish bias above 0.6945.

25 June 2019, 09:13
Jiming Huang
0
51

au

Pivot (invalidation): 0.6945

Our preference

Long positions above 0.6945 with targets at 0.6975 & 0.7000 in extension.

Alternative scenario

Below 0.6945 look for further downside with 0.6920 & 0.6900 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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