(25 October 2019)AUD/USD The downside prevails.

(25 October 2019)AUD/USD The downside prevails.

25 October 2019, 08:44
Jiming Huang
0
70

au
Pivot
 (invalidation): 0.6830
Our preference
Short positions below 0.6830 with targets at 0.6800 & 0.6790 in extension.
Alternative scenario
Above 0.6830 look for further upside with 0.6845 & 0.6860 as targets.
Comment
The break below 0.6830 is a negative signal that has opened a path to 0.6800. Intraday
bearishness is maintained by the descending 50-period moving average.

(By Swissquote TRADING CENTRAL)

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