AUD Trading Outlook (26-02-2016)

AUD/USD Intraday: the upside prevails.

Pivot: 0.7190

Our preference: long positions above 0.7190 with targets @ 0.7255 & 0.7275 in extension.

Alternative scenario: below 0.7190 look for further downside with 0.7160 & 0.7140 as targets.

Comment: the RSI is supported by a rising trend line.

Supports and resistances:
0.7300
0.7275
0.7255
0.7235 Last
0.7190
0.7160
0.7140

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