AUD Trading Outlook (18-03-2016)

AUD/USD Intraday: the upside prevails.

Pivot: 0.7575

Our preference: long positions above 0.7575 with targets @ 0.7715 & 0.7780 in extension.

Alternative scenario: below 0.7575 look for further downside with 0.7520 & 0.7475 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:
0.7850
0.7780
0.7715
0.7669 Last
0.7575
0.7520
0.7475

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