AUD Trading Outlook (18-12-2015)

AUD/USD

Pivot: 0.7165

Our preference: short positions below 0.7165 with targets @ 0.7065 & 0.7035 in extension.

Alternative scenario: above 0.7165 look for further upside with 0.7215 & 0.7235 as targets.

Comment: the break below 0.7165 is a negative signal that has opened a path to 0.7065.

Supports and resistances:
0.7235 ***
0.7215 ***
0.7165 ***
0.7118 Last
0.7065 ***
0.7035 ***
0.7015 **

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