(12 November 2019)AUD/USD Capped by a negative trend line.

(12 November 2019)AUD/USD Capped by a negative trend line.

12 November 2019, 09:00
Jiming Huang
0
89

au
Pivot
 (invalidation): 0.6855
Our preference
Short positions below 0.6855 with targets at 0.6830 & 0.6820 in extension.
Alternative scenario
Above 0.6855 look for further upside with 0.6870 & 0.6885 as targets.
Comment
As Long as the resistance at 0.6855 is not surpassed, the risk of the break below 0.6830
remains high.

(By Swissquote TRADING CENTRAL)