(07 AUGUST 2019)AUD/USD:The downside prevails.

(07 AUGUST 2019)AUD/USD:The downside prevails.

7 August 2019, 09:22
Jiming Huang
0
48

au

Pivot (invalidation): 0.6750

Our preference

Short positions below 0.6750 with targets at 0.6650 & 0.6620 in extension.

Alternative scenario

Above 0.6750 look for further upside with 0.6780 & 0.6800 as targets.

Comment

The immediate trend remains down and the momentum is strong

(By Swissquote TRADING CENTRAL)


Share it with friends: