AUD Trading Outlook (22-04-2016)

AUD/USD Intraday: watch 0.7730

Pivot: 0.7795

Our preference: short positions below 0.7795 with targets @ 0.7730 & 0.7675 in extension.

Alternative scenario: above 0.7795 look for further upside with 0.7830 & 0.7860 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:
0.7860
0.7830
0.7795
0.7764 Last
0.7730
0.7675
0.7630

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