AUD Trading Outlook (03-03-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.7209
Our preference: long positions above 0.7209 with targets @ 0.7330 & 0.7370 in extension.
Alternative scenario: below 0.7209 look for further downside with 0.7160 & 0.7105 as targets.
Comment: the RSI is well directed.
Supports and resistances:
0.7385
0.7370
0.7330
0.7294 Last
0.7209
0.7160
0.7105