(17 April 2020)AUD/USD Bullish bias above 0.6340.

(17 April 2020)AUD/USD Bullish bias above 0.6340.

17 April 2020, 09:42
Jiming Huang
0
52

au
Pivot
 (invalidation): 0.6340
Our preference
Long positions above 0.6340 with targets at 0.6400 & 0.6425 in extension.
Alternative scenario
Below 0.6340 look for further downside with 0.6315 & 0.6290 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)

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