AUD Trading Outlook (08-04-2016)

Trade AUD/USD Intraday: watch 0.7490.

Pivot: 0.7550

Our preference: short positions below 0.7550 with targets @ 0.7490 & 0.7455 in extension.

Alternative scenario: above 0.7550 look for further upside with 0.7590 & 0.7635 as targets.

Comment: a break below 0.7490 would trigger a drop towards 0.7455.

Supports and resistances:
0.7635
0.7590
0.7550
0.7510 Last
0.7490
0.7455
0.7420

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