AUD Trading Outlook (14-08-2015)

AUDUSD

Pivot: 0.739

Our preference: Short positions below 0.739 with targets @ 0.732 & 0.727 in extension.

Alternative scenario: Above 0.739 look for further upside with 0.743 & 0.749 as targets.

Comment: The RSI lacks upward momentum.

 

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