AUD Trading Outlook (20-01-2016)

AUD/USD Intraday: bullish bias above 0.689.

Pivot: 0.689

Our preference: long positions above 0.689 with targets @ 0.696 & 0.7 in extension.

Alternative scenario: below 0.689 look for further downside with 0.685 & 0.6825 as targets.

Comment: a support base at 0.689 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
0.7045 ***
0.7 ***
0.696 ***
0.6915 Last
0.689 ***
0.685 **
0.6825 ***

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