AUD Trading Outlook (29-02-2016)
AUD/USD Intraday: the downside prevails.
Pivot: 0.7196
Our preference: short positions below 0.7196 with targets @ 0.7094 & 0.7065 in extension.
Alternative scenario: above 0.7196 look for further upside with 0.7220 & 0.7255 as targets.
Comment: the RSI advocates for further decline.
Supports and resistances:
0.7255
0.7220
0.7196
0.7120 Last
0.7094
0.7065
0.7030