AUD Trading Outlook (21-07-2015)
AUDUSD
Pivot: 0.7345
Likely scenario: Long positions above 0.7345 with targets @ 0.7395 & 0.742 in extension.
Alternative scenario: Below 0.7345 look for further downside with 0.7325 & 0.73 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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