AUD Trading Outlook (20-08-2015)

AUDUSD

Pivot: 0.731

Likely scenario: Long positions above 0.731 with targets @ 0.739 & 0.741 in extension.

Alternative scenario: Below 0.731 look for further downside with 0.728 & 0.7255 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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