(02 AUGUST 2018)AUD/USD:The downside prevails.

(02 AUGUST 2018)AUD/USD:The downside prevails.

2 August 2018, 14:14
Jiming Huang
0
52

aud

Pivot (invalidation): 0.7410

Our preference

Short positions below 0.7410 with targets at 0.7380 & 0.7370 in extension.

Alternative scenario

Above 0.7410 look for further upside with 0.7420 & 0.7430 as targets.

Comment

The RSI calls for a new downleg.

(By Swissquote TRADING CENTRAL)