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

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

23 August 2018, 09:30
Jiming Huang
0
134

aud

Pivot (invalidation): 0.7320

Our preference

Short positions below 0.7320 with targets at 0.7275 & 0.7250 in extension.

Alternative scenario

Above 0.7320 look for further upside with 0.7335 & 0.7365 as targets.

Comment

The RSI advocates for further decline.

(By Swissquote TRADING CENTRAL)