AUD Trading Outlook (19-02-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.7105
Our preference: long positions above 0.7105 with targets @ 0.7190 & 0.7210 in extension.
Alternative scenario: below 0.7105 look for further downside with 0.7080 & 0.7060 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
0.7240
0.7210
0.7190
0.7169 Last
0.7105
0.7080
0.7060