AUD/USD Currency exchange rate forecast 19.08.2019: under pressure.

AUD/USD Currency exchange rate forecast 19.08.2019: under pressure.

Short positions below 0.6785 with targets at 0.6755 & 0.6745 in extension.

Pivot: 0.6785

Our preference: short positions below 0.6785 with targets at 0.6755 & 0.6745 in extension.

Alternative scenario: above 0.6785 look for further upside with 0.6795 & 0.6810 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

0.6810

0.6795

0.6785

0.6770 Last

0.6755

0.6745

0.6735

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