AUD Trading Outlook (15-01-2016)

AUD/USD Intraday: rebound

Pivot: 0.6905

Our preference: long positions above 0.6905 with targets @ 0.704 & 0.7085 in extension.

Alternative scenario: below 0.6905 look for further downside with 0.6865 & 0.685 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
0.7105 ***
0.7085 ***
0.704 ***
0.6983 Last
0.6905 ***
0.6865 **
0.685 **

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