AUD Trading Outlook (31-12-2015)

AUD/USD Intraday: bullish bias above 0.726

Pivot: 0.726

Our preference: long positions above 0.726 with targets @ 0.7305 & 0.7335 in extension.

Alternative scenario: below 0.726 look for further downside with 0.724 & 0.7205 as targets.

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

Supports and resistances:
0.736 **
0.7335 **
0.7305 ***
0.7278 Last
0.726 ***
0.724 ***
0.7205 **

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