AUD Trading Outlook (14-09-2015)

AUDUSD

Pivot: 0.7065

Likely scenario: Long positions above 0.7065 with targets @ 0.7135 & 0.7155 in extension.

Alternative scenario: Below 0.7065 look for further downside with 0.703 & 0.7 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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