AUD Trading Outlook (13-07-2015)

AUD/USD  

 

AUD/USD ST: the downside prevails.
Pivot: 0.7805 Our preference: Short positions below 0.7805 with targets @ 0.727 & 0.698 in extension. Alternative scenario: Above 0.7805 look for further upside with 0.8165 & 0.8305 as targets. Comment: The RSI is bearish and calls for further downside.
Supports and resistances:
0.8305 **
0.8165 **
0.7805 ***
0.7464 Last
0.727 *
0.698 **
0.6865 **
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