AUD Trading Outlook (27-08-2015)

AUDUSD

Pivot: 0.719

Likely scenario: Short positions below 0.719 with targets @ 0.709 & 0.704 in extension.

Alternative scenario: Above 0.719 look for further upside with 0.725 & 0.7285 as targets.

Comment: As long as 0.719 is resistance, look for choppy price action with a bearish bias.

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