Contributors Technical Analysis AUD/USD The Downside Prevails

AUD/USD The Downside Prevails

Pivot (invalidation): 0.6920

Our preference Short positions below 0.6920 with targets at 0.6875 & 0.6850 in extension.

Alternative scenario Above 0.6920 look for further upside with 0.6935 & 0.6950 as targets.

Comment The immediate trend remains down and the momentum is strong.

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