AUD Trading Outlook (04-08-2015)

 

AUDUSD

Pivot: 0.7285

Likely scenario: Long positions above 0.7285 with targets @ 0.7365 & 0.739 in extension.

Alternative scenario: Below 0.7285 look for further downside with 0.726 & 0.723 as targets.

Comment: The RSI is well directed.

 

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