AUD Trading Outlook (25-02-2016)
AUD/USD Intraday: under pressure.
Pivot: 0.7220
Our preference: short positions below 0.7220 with targets @ 0.7165 & 0.7140 in extension.
Alternative scenario: above 0.7220 look for further upside with 0.7255 & 0.7275 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
0.7275
0.7255
0.7220
0.7187 Last
0.7165
0.7140
0.7095