(17 JULY 2019)AUD/USD:The downside prevails.

(17 JULY 2019)AUD/USD:The downside prevails.

17 July 2019, 08:59
Jiming Huang
0
52

au

Pivot (invalidation): 0.7025

Our preference

Short positions below 0.7025 with targets at 0.6985 & 0.6970 in extension.

Alternative scenario

Above 0.7025 look for further upside with 0.7045 & 0.7060 as targets.

Comment

The RSI shows downside momentum

(By Swissquote TRADING CENTRAL)

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