(08 NOVEMBER 2018)AUD/USD:The upside prevails.

(08 NOVEMBER 2018)AUD/USD:The upside prevails.

9 November 2018, 04:03
Jiming Huang
0
65

aud

Pivot (invalidation): 0.7260

Our preference

Long positions above 0.7260 with targets at 0.7300 & 0.7325 in extension.

Alternative scenario

Below 0.7260 look for further downside with 0.7235 & 0.7210 as targets.

Comment

The RSI has just broken above a declining trend line.

(By Swissquote TRADING CENTRAL)