AUD Trading Outlook (14-10-2015)

AUDUSD

Pivot: 0.73

Likely scenario: Short positions below 0.73 with targets @ 0.72 & 0.716 in extension.

Alternative scenario: Above 0.73 look for further upside with 0.7345 & 0.738 as targets.

Comment: As long as 0.73 is resistance, look for choppy price action with a bearish bias.

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