//(23 OCTOBER 2018)AUD/USD:The downside prevails.

(23 OCTOBER 2018)AUD/USD:The downside prevails.

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aud

Pivot (invalidation): 0.7090

Our preference

Short positions below 0.7090 with targets at 0.7055 & 0.7040 in extension.

Alternative scenario

Above 0.7090 look for further upside with 0.7110 & 0.7125 as targets.

Comment

The RSI calls for a drop.

(By Swissquote TRADING CENTRAL)