AUD Trading Outlook (25-02-2016)

AUD/USD Intraday: under pressure.

Pivot: 0.7220

Our preference: short positions below 0.7220 with targets @ 0.7165 & 0.7140 in extension.

Alternative scenario: above 0.7220 look for further upside with 0.7255 & 0.7275 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
0.7275
0.7255
0.7220
0.7187 Last
0.7165
0.7140
0.7095

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