AUD Trading Outlook (17-02-2016)

AUD/USD Intraday: under pressure.

Pivot: 0.7150

Our preference: short positions below 0.7150 with targets @ 0.7080 & 0.7060 in extension.

Alternative scenario: above 0.7150 look for further upside with 0.7180 & 0.7220 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:
0.7220 ***
0.7180 **
0.7150 ***
0.7112 Last
0.7080 ***
0.7060 **
0.7025 ***

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