(20 August 2020) AUD/USD Key resistance at 0.7200.

(20 August 2020) AUD/USD Key resistance at 0.7200.

20 August 2020, 09:18
Jiming Huang
0
108

au
Pivot
 (invalidation): 0.7200
Our preference
Short positions below 0.7200 with targets at 0.7160 & 0.7140 in extension.
Alternative scenario
Above 0.7200 look for further upside with 0.7230 & 0.7255 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.7200.

(By Swissquote TRADING CENTRAL)


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