(07 JULY 2020)AUD/USD 0.6920 expected.

(07 JULY 2020)AUD/USD 0.6920 expected.

7 July 2020, 09:13
Jiming Huang
0
76

aau
Pivot
 (invalidation): 0.6990
Our preference
Short positions below 0.6990 with targets at 0.6950 & 0.6920 in extension.
Alternative scenario
Above 0.6990 look for further upside with 0.7010 & 0.7035 as targets.
Comment
A break below 0.6950 would trigger a drop towards 0.6920.

(By Swissquote TRADING CENTRAL)