(17 OCTOBER 2018)AUD/USD:Bullish bias above 0.7125.

(17 OCTOBER 2018)AUD/USD:Bullish bias above 0.7125.

17 October 2018, 09:35
Jiming Huang
0
54

aud

Pivot (invalidation): 0.7125

Our preference

Long positions above 0.7125 with targets at 0.7150 & 0.7165 in extension.

Alternative scenario

Below 0.7125 look for further downside with 0.7115 & 0.7100 as targets.

Comment

A support base at 0.7125 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 

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