(18 JUNE 2020)AUD/USD Key resistance at 0.6890.

(18 JUNE 2020)AUD/USD Key resistance at 0.6890.

18 June 2020, 09:20
Jiming Huang
0
107

au
Pivot
 (invalidation): 0.6890
Our preference
Short positions below 0.6890 with targets at 0.6830 & 0.6795 in extension.
Alternative scenario
Above 0.6890 look for further upside with 0.6915 & 0.6935 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)