(09 JULY 2020)AUD/USD Consolidation.

(09 JULY 2020)AUD/USD Consolidation.

9 July 2020, 08:51
Jiming Huang
0
73

au
Pivot
 (invalidation): 0.6960
Our preference
Long positions above 0.6960 with targets at 0.6995 & 0.7010 in extension.
Alternative scenario
Below 0.6960 look for further downside with 0.6945 & 0.6930 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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