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

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