AUD Trading Outlook (17-12-2015)

AUD/USD Intraday: bullish bias above 0.718.
Pivot: 0.718

Our preference: long positions above 0.718 with targets @ 0.7235 & 0.728 in extension.

Alternative scenario: below 0.718 look for further downside with 0.7155 & 0.713 as targets.

Comment: a support base at 0.718 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
0.731 ***
0.728 ***
0.7235 ***
0.7206 Last
0.718 **
0.7155 ***
0.713 ***

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