AUD Trading Outlook (31-12-2015)
AUD/USD Intraday: bullish bias above 0.726
Pivot: 0.726
Our preference: long positions above 0.726 with targets @ 0.7305 & 0.7335 in extension.
Alternative scenario: below 0.726 look for further downside with 0.724 & 0.7205 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.736 **
0.7335 **
0.7305 ***
0.7278 Last
0.726 ***
0.724 ***
0.7205 **