AUD Trading Outlook (07-03-2016)

AUD/USD Intraday: the upside prevails.

Pivot: 0.7346

Our preference: long positions above 0.7346 with targets @ 0.7460 & 0.7495 in extension.

Alternative scenario: below 0.7346 look for further downside with 0.7295 & 0.7250 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
0.7530
0.7495
0.7460
0.7364 Last
0.7346
0.7295
0.7250

Back to AUD Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.