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 ***

Back to AUD Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.