AUD Trading Outlook (18-04-2016)

Trade AUD/USD ST: the upside prevails

Pivot: 0.7380

Our preference: long positions above 0.7380 with targets @ 0.7805 & 0.8080 in extension.

Alternative scenario: below 0.7380 look for further downside with 0.7260 & 0.7100 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:
0.8300 **
0.8080 ***
0.7805 ***
0.7643 Last
0.7380 ***
0.7260 ***
0.7100 ***

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