AUD Trading Outlook (29-04-2016)

AUD/USD Intraday: under pressure.

Pivot: 0.7685

Our preference: short positions below 0.7685 with targets @ 0.7575 & 0.7545 in extension.

Alternative scenario: above 0.7685 look for further upside with 0.7725 & 0.7765 as targets.

Comment: as long as the resistance at 0.7685 is not surpassed, the risk of the break below 0.7575 remains high.

Supports and resistances:
0.7765
0.7725
0.7685
0.7625 Last
0.7575
0.7545
0.7495

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