AUD Trading Outlook (04-03-2016)

AUD/USD Intraday: the upside prevails.

Pivot: 0.7295

Our preference: long positions above 0.7295 with targets @ 0.7385 & 0.7420 in extension.

Alternative scenario: below 0.7295 look for further downside with 0.7250 & 0.7200 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
0.7460
0.7420
0.7385
0.7301 Last
0.7295
0.7250
0.7200

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