AUD Trading Outlook (21-04-2016)

Trade AUD/USD Intraday: the bias remains bullish

Pivot: 0.7760

Our preference: long positions above 0.7760 with targets @ 0.7825 & 0.7860 in extension.

Alternative scenario: below 0.7760 look for further downside with 0.7730 & 0.7675 as targets.

Comment: a support base at 0.7760 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
0.7890
0.7860
0.7825
0.7796 Last
0.7760
0.7730
0.7675

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