AUD Trading Outlook (19-10-2015)

Intraday Technical Strategy

AUD/USD Intraday: the downside prevails.

Pivot 0.7305
Our preference Short positions below 0.7305 with targets @ 0.7237 & 0.7213 in extension.
Alternative scenario Above 0.7305 look for further upside with 0.7345 & 0.738 as targets.
Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
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