(07 August 2020)AUD/USD Turning down.

(07 August 2020)AUD/USD Turning down.

7 August 2020, 10:33
Jiming Huang
0
88

au
Pivot
 (invalidation): 0.7240
Our preference
Short positions below 0.7240 with targets at 0.7170 & 0.7150 in extension.
Alternative scenario
Above 0.7240 look for further upside with 0.7260 & 0.7290 as targets.
Comment
The immediate trend remains down and the momentum is strong.

(By Swissquote TRADING CENTRAL)


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