AUD Trading Outlook (31-07-2015)

AUDUSD

Pivot: 0.7325

Likely scenario: Short positions below 0.7325 with targets @ 0.7255 & 0.723 in extension.

Alternative scenario: Above 0.7325 look for further upside with 0.735 & 0.738 as targets.

Comment: As long as the resistance at 0.7325 is not surpassed, the risk of the break below 0.7255 remains high.

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