(09 OCTOBER 2018)AUD/USD:The upside prevails.

(09 OCTOBER 2018)AUD/USD:The upside prevails.

9 October 2018, 09:26
Jiming Huang
0
75

aud

Pivot (invalidation): 0.7060

Our preference

Long positions above 0.7060 with targets at 0.7095 & 0.7115 in extension.

Alternative scenario

Below 0.7060 look for further downside with 0.7040 & 0.7020 as targets.

Comment

The RSI advocates for further advance.

(By Swissquote TRADING CENTRAL)