AUD Trading Outlook (28-04-2016)
Trade AUD/USD Intraday: under pressure.
Pivot: 0.7685
Our preference: short positions below 0.7685 with targets @ 0.7545 & 0.7495 in extension.
Alternative scenario: above 0.7685 look for further upside with 0.7725 & 0.7765 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
0.7765
0.7725
0.7685
0.7600 Last
0.7545
0.7495
0.7465