AUD Trading Outlook (11-05-2016)

AUD/USD Intraday: turning up

Pivot: 0.7325

Our preference: long positions above 0.7325 with targets @ 0.7415 & 0.7450 in extension.

Alternative scenario: below 0.7325 look for further downside with 0.7295 & 0.7260 as targets.

Comment: the RSI is supported by a rising trend line.

Supports and resistances:
0.7480
0.7450
0.7415
0.7384 Last
0.7325
0.7295
0.7260

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