AUD Trading Outlook (19-02-2016)
AUD/USD Intraday: the bias remains bullish.
Pivot: 0.7130
Our preference: long positions above 0.7130 with targets @ 0.7190 & 0.7210 in extension.
Alternative scenario: below 0.7130 look for further downside with 0.7105 & 0.7080 as targets.
Comment: a support base at 0.7130 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
0.7240
0.7210
0.7190
0.7151 Last
0.7130
0.7105
0.7080