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    HomeContributorsTechnical AnalysisAUD/USD: The Downside Prevails

    AUD/USD: The Downside Prevails

    Pivot (invalidation): 0.7300

    Our preference Short positions below 0.7300 with targets at 0.7250 & 0.7230 in extension.

    Alternative scenario Above 0.7300 look for further upside with 0.7320 & 0.7340 as targets.

    Comment As Long as the resistance at 0.7300 is not surpassed, the risk of the break below 0.7250 remains high.

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