AUD Trading Outlook (16-03-2016)

AUD/USD Intraday: the downside prevails.

Pivot: 0.7500

Our preference: short positions below 0.7500 with targets @ 0.7425 & 0.7405 in extension.

Alternative scenario: above 0.7500 look for further upside with 0.7530 & 0.7555 as targets.

Comment: the RSI is badly directed.

Supports and resistances:
0.7555
0.7530
0.7500
0.7456 Last
0.7425
0.7405
0.7370

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