(30 November 2020)AUD/USD Supported by a rising trend line.

(30 November 2020)AUD/USD Supported by a rising trend line.

30 November 2020, 10:53
Jiming Huang
0
108

au
Pivot
 (invalidation): 0.7375
Our preference
Long positions above 0.7375 with targets at 0.7410 & 0.7435 in extension.
Alternative scenario
Below 0.7375 look for further downside with 0.7350 & 0.7330 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited

(By Swissquote TRADING CENTRAL)