Contributors Technical Analysis AUD/USD: The Downside Prevails

AUD/USD: The Downside Prevails

Pivot (invalidation): 0.7290

Our preference Short positions below 0.7290 with targets at 0.7250 & 0.7230 in extension.

Alternative scenario Above 0.7290 look for further upside with 0.7310 & 0.7340 as targets.

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

Previous articleUSD/CAD: Target 1.3265
Next articleUSD/TRY: Bullish Bias Above 7.4730
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version