AUD Trading Outlook (24-08-2015)

AUDUSD

Pivot: 0.728

Likely scenario: Short positions below 0.728 with targets @ 0.72 & 0.7175 in extension.

Alternative scenario: Above 0.728 look for further upside with 0.732 & 0.736 as targets.

Comment: The RSI has broken down its 30 level.

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