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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