AUD Trading Outlook (22-01-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.6925
Our preference: long positions above 0.6925 with targets @ 0.704 & 0.7065 in extension.
Alternative scenario: below 0.6925 look for further downside with 0.688 & 0.6835 as targets.
Comment: the RSI is bullish and calls for further advance.
Supports and resistances:
0.709 ***
0.7065 ***
0.704 ***
0.6997 Last
0.6925 ***
0.688 ***
0.6835 **