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 **

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