AUD Trading Outlook (10-02-2016)

AUD/USD Intraday: rebound.

Pivot: 0.7015

Our preference: long positions above 0.7015 with targets @ 0.7100 & 0.7130 in extension.

Alternative scenario: below 0.7015 look for further downside with 0.6970 & 0.6920 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
0.7170 **
0.7130 **
0.7100 ***
0.7062 Last
0.7015 *
0.6970 **
0.6920 *

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