(16 October 2019)AUD/USD Watch 0.6700.

(16 October 2019)AUD/USD Watch 0.6700.

16 October 2019, 09:13
Jiming Huang
0
18

AU
Pivot
 (invalidation): 0.6750
Our preference
Short positions below 0.6750 with targets at 0.6715 & 0.6700 in extension.
Alternative scenario
Above 0.6750 look for further upside with 0.6765 & 0.6780 as targets.
Comment
The RSI is bearish and calls for further decline. The pair is tracing the lower Bollinger band (as
those bands are widening), calling for acceleration to the downside.

(By Swissquote TRADING CENTRAL)


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