AUD Trading Outlook (14-01-2016)

AUD/USD Intraday: under pressure

Pivot: 0.705

Our preference: short positions below 0.705 with targets @ 0.6935 & 0.69 in extension.

Alternative scenario: above 0.705 look for further upside with 0.7085 & 0.7105 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
0.7105 ***
0.7085 ***
0.705 ***
0.6959 Last
0.6935 **
0.69 ***
0.6835 ***

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