AUD Trading Outlook (11-03-2016)
AUD/USD Intraday: rebound expected.
Pivot: 0.7430
Our preference: long positions above 0.7430 with targets @ 0.7530 & 0.7560 in extension.
Alternative scenario: below 0.7430 look for further downside with 0.7410 & 0.7385 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
0.7595
0.7560
0.7530
0.7435 Last
0.7430
0.7410
0.7385