AUD Trading Outlook (31-05-2016)
AUD/USD Intraday: under pressure
Pivot: 0.7210
Our preference: short positions below 0.7210 with targets @ 0.7145 & 0.7115 in extension.
Alternative scenario: above 0.7210 look for further upside with 0.7235 & 0.7260 as targets.
Comment: as long as the resistance at 0.7210 is not surpassed, the risk of the break below 0.7145 remains high.
Supports and resistances:
0.7260
0.7235
0.7210
0.7182 Last
0.7145
0.7115
0.7095