AUD Trading Outlook (11-01-2016)

AUD/USD Intraday: the downside prevails

Pivot: 0.7

Our preference: short positions below 0.7 with targets @ 0.69 & 0.686 in extension.

Alternative scenario: above 0.7 look for further upside with 0.704 & 0.7085 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
0.7085 ***
0.704 ***
0.7 ***
0.6942 Last
0.69 ***
0.686 **
0.682 **

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