AUD Trading Outlook (24-12-2015)
AUD/USD Intraday: the upside prevails.
Pivot: 0.72
Our preference: long positions above 0.72 with targets @ 0.725 & 0.728 in extension.
Alternative scenario: below 0.72 look for further downside with 0.715 & 0.711 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
0.7315 ***
0.728 ***
0.725 ***
0.7233 Last
0.72 ***
0.715 **
0.711 ***