AUD Trading Outlook (05-10-2015)

AUDUSD

Pivot: 0.7035

Likely scenario: Long positions above 0.7035 with targets @ 0.7085 & 0.7115 in extension.

Alternative scenario: Below 0.7035 look for further downside with 0.7 & 0.6975 as targets.

Comment: The RSI is well directed.

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