AUD Trading Outlook (18-08-2015)

AUDUSD

Pivot: 0.732

Likely scenario: Long positions above 0.732 with targets @ 0.741 & 0.744 in extension.

Alternative scenario: Below 0.732 look for further downside with 0.727 & 0.7215 as targets.

Comment: The RSI lacks downward momentum.

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