AUD Trading Outlook (06-01-2016)
AUD/USD Intraday: the downside prevails
Pivot: 0.7215
Our preference: short positions below 0.7215 with targets @ 0.713 & 0.71 in extension.
Alternative scenario: above 0.7215 look for further upside with 0.724 & 0.727 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
0.727 ***
0.724 **
0.7215 ***
0.7146 Last
0.713 **
0.71 ***
0.707 ***
