AUD Trading Outlook (15-09-2015)

AUDUSD

Pivot: 0.71

Likely scenario: Long positions above 0.71 with targets @ 0.7165 & 0.719 in extension.

Alternative scenario: Below 0.71 look for further downside with 0.707 & 0.703 as targets.

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

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