(11 MARCH 2019)AUD/USD:Key resistance at 0.7050.

(11 MARCH 2019)AUD/USD:Key resistance at 0.7050.

11 March 2019, 09:11
Jiming Huang
0
49

au

Pivot (invalidation): 0.7050

Our preference

Short positions below 0.7050 with targets at 0.7020 & 0.7000 in extension.

Alternative scenario

Above 0.7050 look for further upside with 0.7065 & 0.7090 as targets.

Comment

As Long as the resistance at 0.7050 is not surpassed, the risk of the break below 0.7020

remains high. 

(By Swissquote TRADING CENTRAL)