(08 AUGUST 2019)AUD/USD:Further upside.

(08 AUGUST 2019)AUD/USD:Further upside.

8 August 2019, 09:19
Jiming Huang
0
54

au

Pivot (invalidation): 0.6745

Our preference

Long positions above 0.6745 with targets at 0.6800 & 0.6820 in extension.

Alternative scenario

Below 0.6745 look for further downside with 0.6720 & 0.6700 as targets.

Comment

The RSI advocates for further upside.

(By Swissquote TRADING CENTRAL)