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

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

25 July 2019, 14:26
Jiming Huang
0
43

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Pivot (invalidation): 0.6985

Our preference

Short positions below 0.6985 with targets at 0.6945 & 0.6930 in extension.

Alternative scenario

Above 0.6985 look for further upside with 0.7005 & 0.7020 as targets.

Comment

The immediate trend remains down and the momentum is strong

(By Swissquote TRADING CENTRAL)


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