AUD Trading Outlook (02-03-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.7105
Our preference: long positions above 0.7105 with targets @ 0.7195 & 0.7220 in extension.
Alternative scenario: below 0.7105 look for further downside with 0.7065 & 0.7030 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
0.7255
0.7220
0.7195
0.7180 Last
0.7105
0.7065
0.7030