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 **