AUD Trading Outlook (09-02-2016)

AUD/USD Intraday: the downside prevails.

Pivot: 0.7150

Our preference: short positions below 0.7150 with targets @ 0.7040 & 0.7000 in extension.

Alternative scenario: above 0.7150 look for further upside with 0.7210 & 0.7245 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
0.7245 **
0.7210 **
0.7150 ***
0.7076 Last
0.7040 *
0.7000 **
0.6960 *

 

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