AUD Trading Outlook (07-09-2015)

AUDUSD

Pivot: 0.699

Likely scenario: Short positions below 0.699 with targets @ 0.69 & 0.685 in extension.

Alternative scenario: Above 0.699 look for further upside with 0.702 & 0.7065 as targets.

Comment: As long as 0.699 is resistance, look for choppy price action with a bearish bias.

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