Contributors Technical Analysis AUD/USD The Downside Prevails

AUD/USD The Downside Prevails

Pivot (invalidation): 0.7025

Our preference Short positions below 0.7025 with targets at 0.6985 & 0.6970 in extension.

Alternative scenario Above 0.7025 look for further upside with 0.7045 & 0.7060 as targets.

Comment The RSI shows downside momentum.

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