AUD/USD Under Pressure

Pivot (invalidation): 0.7090

Our preference Short positions below 0.7090 with targets at 0.7050 & 0.7035 in extension.

Alternative scenario Above 0.7090 look for further upside with 0.7105 & 0.7120 as targets.

Comment As Long as the resistance at 0.7090 is not surpassed, the risk of the break below 0.7050 remains high.

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