AUD Trading Outlook (04-03-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.7295
Our preference: long positions above 0.7295 with targets @ 0.7385 & 0.7420 in extension.
Alternative scenario: below 0.7295 look for further downside with 0.7250 & 0.7200 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
0.7460
0.7420
0.7385
0.7301 Last
0.7295
0.7250
0.7200