AUD Trading Outlook (11-03-2016)

AUD/USD Intraday: rebound expected.

Pivot: 0.7430

Our preference: long positions above 0.7430 with targets @ 0.7530 & 0.7560 in extension.

Alternative scenario: below 0.7430 look for further downside with 0.7410 & 0.7385 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:
0.7595
0.7560
0.7530
0.7435 Last
0.7430
0.7410
0.7385

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