AUD Trading Outlook (05-02-2016)

AUD/USD Intraday: further upside.
Pivot: 0.715

Our preference: long positions above 0.715 with targets @ 0.7245 & 0.728 in extension.

Alternative scenario: below 0.715 look for further downside with 0.7115 & 0.707 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
0.7325 **
0.728 **
0.7245 **
0.7201 Last
0.715 ***
0.7115 **
0.707 *

Ticker : AUD
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