(02 JULY 2019)AUD/USD:Key resistance at 0.6990.

(02 JULY 2019)AUD/USD:Key resistance at 0.6990.

2 July 2019, 09:11
Jiming Huang
0
58

au

Pivot (invalidation): 0.6990

Our preference

Short positions below 0.6990 with targets at 0.6955 & 0.6940 in extension.

Alternative scenario

Above 0.6990 look for further upside with 0.7005 & 0.7020 as targets.

Comment

As Long as the resistance at 0.6990 is not surpassed, the risk of the break below 0.6955

remains high. 

(By Swissquote TRADING CENTRAL)