AUD Trading Outlook (10-07-2015)

AUDUSD

Pivot: 0.744

Likely scenario: Long positions above 0.744 with targets @ 0.751 & 0.7535 in extension.

Alternative scenario: Below 0.744 look for further downside with 0.74 & 0.737 as targets.

Comment: The RSI lacks downward momentum.

 

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