(03 JUNE 2020)AUD/USD The bias remains bullish.

(03 JUNE 2020)AUD/USD The bias remains bullish.

3 June 2020, 09:07
Jiming Huang
0
106

au
Pivot
 (invalidation): 0.6895
Our preference
Long positions above 0.6895 with targets at 0.6985 & 0.7030 in extension.
Alternative scenario
Below 0.6895 look for further downside with 0.6845 & 0.6805 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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