(02 JULY 2018)AUD/USD:Turning down.

(02 JULY 2018)AUD/USD:Turning down.

2 July 2018, 14:26
Jiming Huang
0
61

aud

Turning down. 

 (By Swissquote TRADING CENTRAL)

Pivot (invalidation): 0.7410

Our preference

Short positions below 0.7410 with targets at 0.7365 & 0.7350 in extension.

Alternative scenario

Above 0.7410 look for further upside with 0.7430 & 0.7445 as targets.

Comment

The RSI shows downside momentum.