AUD Trading Outlook (17-09-2015)

AUDUSD

Pivot: 0.714

Likely scenario: Long positions above 0.714 with targets @ 0.7225 & 0.7265 in extension.

Alternative scenario: Below 0.714 look for further downside with 0.7085 & 0.704 as targets.

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

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