AUD Trading Outlook (30-07-2015)

Intraday Technical Strategy

AUD/USD Intraday: bullish bias above 0.729.
Pivot 0.7290
Our preference Long positions above 0.729 with targets @ 0.7355 & 0.738 in extension.
Alternative scenario Below 0.729 look for further downside with 0.7255 & 0.723 as targets.
Comment A support base at 0.729 has formed and has allowed for a temporary stabilisation.
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