AUD Trading Outlook (14-03-2016)

AUD/USD ST: the upside prevails.

Pivot: 0.7100

Our preference: long positions above 0.7100 with targets @ 0.7805 & 0.8080 in extension.

Alternative scenario: below 0.7100 look for further downside with 0.6820 & 0.6650 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
0.8310 *
0.8080 ***
0.7805 ***
0.7566 Last
0.7100 ***
0.6820 **
0.6650 ***

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