AUD Trading Outlook (17-05-2016)

Trade AUD/USD Intraday: turning up.

Pivot: 0.7280

Our preference: long positions above 0.7280 with targets @ 0.7370 & 0.7400 in extension.

Alternative scenario: below 0.7280 look for further downside with 0.7245 & 0.7220 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:
0.7435
0.7400
0.7370
0.7350 Last
0.7280
0.7245
0.7220

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