AUD Trading Outlook (20-10-2015)

AUDUSD

Pivot: 0.7305

Likely scenario: Short positions below 0.7305 with targets @ 0.724 & 0.7225 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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