AUD Trading Outlook (13-01-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.6965
Our preference: long positions above 0.6965 with targets @ 0.704 & 0.7065 in extension.
Alternative scenario: below 0.6965 look for further downside with 0.6935 & 0.6915 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
0.7085 ***
0.7065 ***
0.704 ***
0.7003 Last
0.6965 ***
0.6935 ***
0.6915 **