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