AUD Trading Outlook (01-09-2015)
AUDUSD
Pivot: 0.716
Likely scenario: Short positions below 0.716 with targets @ 0.7075 & 0.704 in extension.
Alternative scenario: Above 0.716 look for further upside with 0.7205 & 0.725 as targets.
Comment: As long as the resistance at 0.716 is not surpassed, the risk of the break below 0.7075 remains high.
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