AUD Trading Outlook (09-05-2016)
AUD/USD ST: turning down
Pivot: 0.7685
Our preference: short positions below 0.7685 with targets @ 0.7260 & 0.7100 in extension.
Alternative scenario: above 0.7685 look for further upside with 0.7840 & 0.8080 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
0.8080 **
0.7840 ***
0.7685 ***
0.7370 Last
0.7260 **
0.7100 ***
0.6815 ***