AUD Trading Outlook (07-07-2015)

AUDUSD

Pivot: 0.7535

Likely scenario: Short positions below 0.7535 with targets @ 0.746 & 0.74 in extension.

Alternative scenario: Above 0.7535 look for further upside with 0.7595 & 0.765 as targets.

Comment: A break below 0.746 would trigger a drop towards 0.74.

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