Contributors Technical Analysis AUD/USD: Under Pressure

AUD/USD: Under Pressure

Pivot (invalidation): 0.6950

Our preference Short positions below 0.6950 with targets at 0.6920 & 0.6910 in extension.

Alternative scenario Above 0.6950 look for further upside with 0.6965 & 0.6980 as targets.

Comment As Long as 0.6950 is resistance, look for choppy price action with a bearish bias.

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