AUD Trading Outlook (21-01-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.6875
Our preference: long positions above 0.6875 with targets @ 0.6955 & 0.6975 in extension.
Alternative scenario: below 0.6875 look for further downside with 0.6825 & 0.68 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
0.7 ***
0.6975 ***
0.6955 ***
0.6925 Last
0.6875 ***
0.6825 **
0.68 **