AUD Trading Outlook (23-02-2016)

AUD/USD Intraday: the upside prevails.

Pivot: 0.7195

Our preference: long positions above 0.7195 with targets @ 0.7245 & 0.7270 in extension.

Alternative scenario: below 0.7195 look for further downside with 0.7155 & 0.7130 as targets.

Comment: the break above the resistance at 0.7195 triggered an upward acceleration to 0.7245.

Supports and resistances:
0.7305
0.7270
0.7245
0.7227 Last
0.7195
0.7155
0.7130

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