AUD Trading Outlook (06-08-2015)

AUDUSD

Pivot: 0.7365

Likely scenario: Short positions below 0.7365 with targets @ 0.73 & 0.726 in extension.

Alternative scenario: Above 0.7365 look for further upside with 0.739 & 0.743 as targets.

Comment: The RSI is badly directed.

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