AUD Trading Outlook (10-05-2016)

AUD/USD Intraday: the downside prevails.

Pivot: 0.7385

Our preference: short positions below 0.7385 with targets @ 0.7260 & 0.7190 in extension.

Alternative scenario: above 0.7385 look for further upside with 0.7450 & 0.7515 as targets.

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

Supports and resistances:
0.7515
0.7450
0.7385
0.7312 Last
0.7260
0.7190
0.7105

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