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 **

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