AUD Trading Outlook (29-12-2015)

AUD/USD Intraday: bullish bias above 0.724

Pivot: 0.724

Our preference: long positions above 0.724 with targets @ 0.7285 & 0.7315 in extension.

Alternative scenario: below 0.724 look for further downside with 0.7205 & 0.718 as targets.

Comment: a support base at 0.724 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
0.7335 *
0.7315 **
0.7285 ***
0.7252 Last
0.724 ***
0.7205 ***
0.718 **

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