AUD Trading Outlook (23-03-2016)

AUD/USD Intraday: rebound expected.

Pivot: 0.7565

Our preference: long positions above 0.7565 with targets @ 0.7680 & 0.7715 in extension.

Alternative scenario: below 0.7565 look for further downside with 0.7520 & 0.7475 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
0.7760
0.7715
0.7680
0.7615 Last
0.7565
0.7520
0.7475

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