AUD Trading Outlook (02-09-2015)

AUDUSD

Pivot: 0.7085

Likely scenario: Short positions below 0.7085 with targets @ 0.7 & 0.695 in extension.

Alternative scenario: Above 0.7085 look for further upside with 0.712 & 0.716 as targets.

Comment: A break below 0.7 would trigger a drop towards 0.695.

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