(04 MARCH 2019)AUD/USD:The downside prevails.

(04 MARCH 2019)AUD/USD:The downside prevails.

4 March 2019, 08:57
Jiming Huang
0
61

aud

Pivot (invalidation): 0.7105

Our preference

Short positions below 0.7105 with targets at 0.7065 & 0.7050 in extension.

Alternative scenario

Above 0.7105 look for further upside with 0.7125 & 0.7145 as targets.

Comment

A break below 0.7065 would trigger a drop towards 0.7050.

(By Swissquote TRADING CENTRAL)