AUD Trading Outlook (08-07-2015)

AUDUSD

Pivot: 0.7395

Likely scenario: Long positions above 0.7395 with targets @ 0.75 & 0.7535 in extension.

Alternative scenario: Below 0.7395 look for further downside with 0.735 & 0.729 as targets.

Comment: Intraday technical indicators are mixed and call for caution.

 

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