AUD Trading Outlook (26-01-2016)

AUD/USD Intraday: the downside prevails

Pivot: 0.6995

Our preference: short positions below 0.6995 with targets @ 0.6925 & 0.688 in extension.

Alternative scenario: above 0.6995 look for further upside with 0.7025 & 0.7045 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

0.7045 ***

0.7025 ***

0.6995 **

0.6948 Last

0.6925 ***

0.688 **

0.684 ***

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