(13 MAY 2019)AUD/USD:The downside prevails.

(13 MAY 2019)AUD/USD:The downside prevails.

13 May 2019, 09:19
Jiming Huang
0
46

AU

Pivot (invalidation): 0.6995

Our preference

Short positions below 0.6995 with targets at 0.6965 & 0.6945 in extension.

Alternative scenario

Above 0.6995 look for further upside with 0.7010 & 0.7025 as targets.

Comment

The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)

Share it with friends: