AUD Trading Outlook (07-01-2016)

AUD/USD Intraday: the downside prevails

Pivot: 0.7135

Our preference: short positions below 0.7135 with targets @ 0.705 & 0.7015 in extension.

Alternative scenario: above 0.7135 look for further upside with 0.7175 & 0.7215 as targets.

Comment: a break below 0.705 would trigger a drop towards 0.7015.

Supports and resistances:
0.7215 ***
0.7175 ***
0.7135 ***
0.7064 Last
0.705 ***
0.7015 ***
0.699 ***

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