AUD Trading Outlook (05-11-2015)

Intraday Technical Strategy

AUD/USD Intraday: the downside prevails.

Pivot 0.7200
Our preference Short positions below 0.72 with targets @ 0.712 & 0.709 in extension.
Alternative scenario Above 0.72 look for further upside with 0.7225 & 0.726 as targets.
Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

 

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