AUD Trading Outlook (14-01-2016)
AUD/USD Intraday: under pressure
Pivot: 0.705
Our preference: short positions below 0.705 with targets @ 0.6935 & 0.69 in extension.
Alternative scenario: above 0.705 look for further upside with 0.7085 & 0.7105 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
0.7105 ***
0.7085 ***
0.705 ***
0.6959 Last
0.6935 **
0.69 ***
0.6835 ***