(05 AUGUST 2019)AUD/USD:0.6720 expected.

(05 AUGUST 2019)AUD/USD:0.6720 expected.

5 August 2019, 09:10
Jiming Huang
0
45

au

Pivot (invalidation): 0.6805

Our preference

Short positions below 0.6805 with targets at 0.6750 & 0.6720 in extension.

Alternative scenario

Above 0.6805 look for further upside with 0.6820 & 0.6835 as targets.

Comment

A break below 0.6750 would trigger a drop towards 0.6720

(By Swissquote TRADING CENTRAL)


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