AUD Trading Outlook (19-05-2016)

Trade AUD/USD Intraday: under pressure.

Pivot: 0.7300

Our preference: short positions below 0.7300 with targets @ 0.7210 & 0.7190 in extension.

Alternative scenario: above 0.7300 look for further upside with 0.7335 & 0.7365 as targets.

Comment: a break below 0.7210 would trigger a drop towards 0.7190.

Supports and resistances:
0.7365
0.7335
0.7300
0.7234 Last
0.7210
0.7190
0.7160

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