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

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