AUD Trading Outlook (05-04-2016)
AUD/USD ST: the bias remains bullish
Pivot: 0.7260
Our preference: long positions above 0.7260 with targets @ 0.7805 & 0.8080 in extension.
Alternative scenario: below 0.7260 look for further downside with 0.7100 & 0.6820 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
0.8300 **
0.8080 ***
0.7805 ***
0.7587 Last
0.7260 ***
0.7100 **
0.6820 ***