(18 October 2019)AUD/USD 0.6810 expected.

(18 October 2019)AUD/USD 0.6810 expected.

18 October 2019, 08:58
Jiming Huang
0
26

su
Pivot
 (invalidation): 0.6765
Our preference
Long positions above 0.6765 with targets at 0.6790 & 0.6810 in extension.
Alternative scenario
Below 0.6765 look for further downside with 0.6750 & 0.6730 as targets.
Comment
The RSI is bullish and calls for further upside. A clear break above the overhead resistance at
0.6790 would expose the pair to the previous high at 0.6810.

(By Swissquote TRADING CENTRAL)


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