AUD Trading Outlook (04-04-2016)

AUD/USD Intraday: under pressure.

Pivot: 0.7705

Our preference: short positions below 0.7705 with targets @ 0.7630 & 0.7600 in extension.

Alternative scenario: above 0.7705 look for further upside with 0.7745 & 0.7790 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
0.7790
0.7745
0.7705
0.7668 Last
0.7630
0.7600
0.7565

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