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

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