Contributors Technical Analysis AUD/USD The Downside Prevails

AUD/USD The Downside Prevails

Pivot (invalidation): 0.6470

Our preference Short positions below 0.6470 with targets at 0.6420 & 0.6390 in extension.

Alternative scenario Above 0.6470 look for further upside with 0.6500 & 0.6530 as targets.

Comment As Long as the resistance at 0.6470 is not surpassed, the risk of the break below 0.6420 remains high.

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