Magazine

Aud/usd

Posted on the 13 November 2019 by Merks50

AUD/USD Intraday: under pressure.
Pivot: 0.6850
Comment:
as long as the resistance at 0.6850 is not surpassed, the risk of the break below 0.6825 remains high. The pair is trading in a slightly descending channel.
Alternative scenario:
above 0.6850 look for further upside with 0.6865 & 0.6875 as targets.
Our preference:
short positions below 0.6850 with targets at 0.6825 & 0.6810 in extension.