AUD Trading Outlook (22-02-2016)

AUD/USD Intraday: the bias remains bullish.

Pivot: 0.7100

Our preference: long positions above 0.7100 with targets @ 0.7170 & 0.7190 in extension.

Alternative scenario: below 0.7100 look for further downside with 0.7070 & 0.7030 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:
0.7220
0.7190
0.7170
0.7139 Last
0.7100
0.7070
0.7030

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