(20 February 2020)AUD/USD The downside prevails.

(20 February 2020)AUD/USD The downside prevails.

20 February 2020, 08:54
Jiming Huang
0
66

au
Pivot
 (invalidation): 0.6660
Our preference
Short positions below 0.6660 with targets at 0.6615 & 0.6600 in extension.
Alternative scenario
Above 0.6660 look for further upside with 0.6675 & 0.6695 as targets.
Comment
The break below 0.6660 is a negative signal that has opened a path to 0.6615

(By Swissquote TRADING CENTRAL)

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