(06 FEBRUARY 2019)AUD/USD:Under pressure.

(06 FEBRUARY 2019)AUD/USD:Under pressure.

6 February 2019, 13:27
Jiming Huang
0
52

aud

Pivot (invalidation): 0.7195

Our preference

Short positions below 0.7195 with targets at 0.7140 & 0.7120 in extension.

Alternative scenario

Above 0.7195 look for further upside with 0.7210 & 0.7225 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)


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