AUD Trading Outlook (24-12-2015)

AUD/USD Intraday: the upside prevails.

Pivot: 0.72

Our preference: long positions above 0.72 with targets @ 0.725 & 0.728 in extension.

Alternative scenario: below 0.72 look for further downside with 0.715 & 0.711 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
0.7315 ***
0.728 ***
0.725 ***
0.7233 Last
0.72 ***
0.715 **
0.711 ***

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