AUD Trading Outlook (11-02-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.7065
Our preference: long positions above 0.7065 with targets @ 0.7130 & 0.7170 in extension.
Alternative scenario: below 0.7065 look for further downside with 0.7015 & 0.6970 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
0.7200 **
0.7170 **
0.7130 ***
0.7103 Last
0.7065 **
0.7015 *
0.6970 ***