AUD Trading Outlook (04-01-2016)
AUD/USD Intraday: the bias remains bullish
Pivot: 0.727
Our preference: long positions above 0.727 with targets @ 0.732 & 0.736 in extension.
Alternative scenario: below 0.727 look for further downside with 0.724 & 0.7205 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
0.7385 **
0.736 **
0.732 **
0.7296 Last
0.727 ***
0.724 ***
0.7205 **