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

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