AUD Trading Outlook (18-01-2016)
AUD/USD ST: the downside prevails
Pivot: 0.7195
Our preference: short positions below 0.7195 with targets @ 0.665 & 0.635 in extension.
Alternative scenario: above 0.7195 look for further upside with 0.739 & 0.753 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
0.753 ***
0.739 ***
0.7195 ***
0.6856 Last
0.665 ***
0.635 **
0.6125 ***