(17 August 2020)AUD/USD Watch 0.7215.

(17 August 2020)AUD/USD Watch 0.7215.

17 August 2020, 09:12
Jiming Huang
0
91

au
Pivot
 (invalidation): 0.7165
Our preference
Long positions above 0.7165 with targets at 0.7200 & 0.7215 in extension.
Alternative scenario
Below 0.7165 look for further downside with 0.7145 & 0.7130 as targets.
Comment
A support base at 0.7165 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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