AUD Trading Outlook (01-03-2016)
AUD/USD Intraday: the downside prevails.
Pivot: 0.7160
Our preference: short positions below 0.7160 with targets @ 0.7095 & 0.7065 in extension.
Alternative scenario: above 0.7160 look for further upside with 0.7195 & 0.7220 as targets.
Comment: as long as 0.7160 is resistance, expect a return to 0.7095.
Supports and resistances:
0.7220
0.7195
0.7160
0.7125 Last
0.7095
0.7065
0.7030