(05 JULY 2019)AUD/USD:Supported by a rising trend line.

Pivot (invalidation): 0.7015

Our preference

Long positions above 0.7015 with targets at 0.7035 & 0.7050 in extension.

Alternative scenario

Below 0.7015 look for further downside with 0.7000 & 0.6985 as targets.

Comment

The RSI calls for a bounce.

(By Swissquote TRADING CENTRAL)