(23 March 2020)AUD/USD Key resistance at 0.5825.

(23 March 2020)AUD/USD Key resistance at 0.5825.

23 March 2020, 12:57
Jiming Huang
0
75

au
Pivot
 (invalidation): 0.5825
Our preference
Short positions below 0.5825 with targets at 0.5695 & 0.5660 in extension.
Alternative scenario
Above 0.5825 look for further upside with 0.5880 & 0.5930 as targets.
Comment
As Long as the resistance at 0.5825 is not surpassed, the risk of the break below 0.5695
remains high

(By Swissquote TRADING CENTRAL)