AUD Trading Outlook (17-02-2016)
AUD/USD Intraday: under pressure.
Pivot: 0.7150
Our preference: short positions below 0.7150 with targets @ 0.7080 & 0.7060 in extension.
Alternative scenario: above 0.7150 look for further upside with 0.7180 & 0.7220 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
0.7220 ***
0.7180 **
0.7150 ***
0.7112 Last
0.7080 ***
0.7060 **
0.7025 ***