AUD/USD Intraday: under pressure.
Pivot:
0.7130
Our preference:
Short positions below 0.7130 with targets at 0.7075 & 0.7060 in extension.
Alternative scenario:
Above 0.7130 look for further upside with 0.7140 & 0.7160 as targets.
Comment:
The RSI shows downside momentum.
Pivot:
0.7130
Our preference:
Short positions below 0.7130 with targets at 0.7075 & 0.7060 in extension.
Alternative scenario:
Above 0.7130 look for further upside with 0.7140 & 0.7160 as targets.
Comment:
The RSI shows downside momentum.