AUD Trading Outlook (21-12-2015)
AUD/USD
Pivot: 0.753
Our preference: short positions below 0.753 with targets @ 0.69 & 0.665 in extension.
Alternative scenario: above 0.753 look for further upside with 0.7805 & 0.8165 as targets.
Comment: as long as 0.753 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
0.8165 ***
0.7805 ***
0.753 ***
0.7175 Last
0.69 ***
0.665 **
0.635 ***