AUD Trading Outlook (03-08-2015)

Intraday Technical Strategy

AUD/USD Intraday: the upside prevails.
Pivot 0.7260
Our preference Long positions above 0.726 with targets @ 0.738 & 0.7415 in extension.
Alternative scenario Below 0.726 look for further downside with 0.723 & 0.721 as targets.
Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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