AUD Trading Outlook (23-07-2015)

 

AUDUSD

Pivot: 0.741

Likely scenario: Short positions below 0.741 with targets @ 0.7345 & 0.7325 in extension.

Alternative scenario: Above 0.741 look for further upside with 0.743 & 0.745 as targets.

Comment: As long as 0.741 is resistance, look for choppy price action with a bearish bias.

aud2

 

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