AUD Trading Outlook (16-10-2015)
AUDUSD
Pivot: 0.726
Likely scenario: Long positions above 0.726 with targets @ 0.7345 & 0.738 in extension.
Alternative scenario: Below 0.726 look for further downside with 0.723 & 0.72 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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