AUD Trading Outlook (31-08-2015)

AUDUSD

Pivot: 0.7175

Likely scenario: Short positions below 0.7175 with targets @ 0.7095 & 0.7065 in extension.

Alternative scenario: Above 0.7175 look for further upside with 0.7205 & 0.725 as targets.

Comment: The RSI lacks upward momentum.

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