AUD Trading Outlook (06-08-2015)

AUDUSD

Pivot: 0.7405

Likely scenario: Short positions below 0.7405 with targets @ 0.733 & 0.73 in extension.

Alternative scenario: Above 0.7405 look for further upside with 0.743 & 0.746 as targets.

Comment: The RSI is mixed to bearish.

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