(05 November 2020)AUD/USD Bullish bias above 0.7140.

(05 November 2020)AUD/USD Bullish bias above 0.7140.

5 November 2020, 09:13
Jiming Huang
0
61

au
Pivot
 (invalidation): 0.7140
Our preference
Long positions above 0.7140 with targets at 0.7195 & 0.7220 in extension.
Alternative scenario
Below 0.7140 look for further downside with 0.7100 & 0.7070 as targets.
Comment
A support base at 0.7140 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)


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