(09 AUGUST 2019)AUD/USD:Target 0.6850.

(09 AUGUST 2019)AUD/USD:Target 0.6850.

9 August 2019, 09:34
Jiming Huang
0
49

au

Pivot (invalidation): 0.6780

Our preference

Long positions above 0.6780 with targets at 0.6820 & 0.6850 in extension.

Alternative scenario

Below 0.6780 look for further downside with 0.6750 & 0.6725 as targets.

Comment

A support base at 0.6780 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)


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