(03 September 2020)AUD/USD The downside prevails.

(03 September 2020)AUD/USD The downside prevails.

3 September 2020, 08:59
Jiming Huang
0
92

AUD/USD
The downside prevails.
Pivot
 (invalidation): 0.7340
Our preference
Short positions below 0.7340 with targets at 0.7300 & 0.7280 in extension.
Alternative scenario
Above 0.7340 look for further upside with 0.7370 & 0.7390 as targets.
Comment
As Long as the resistance at 0.7340 is not surpassed, the risk of the break below 0.7300
remains high.

(By Swissquote TRADING CENTRAL)


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