AUD Trading Outlook (14-03-2016)
AUD/USD ST: the upside prevails.
Pivot: 0.7100
Our preference: long positions above 0.7100 with targets @ 0.7805 & 0.8080 in extension.
Alternative scenario: below 0.7100 look for further downside with 0.6820 & 0.6650 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
0.8310 *
0.8080 ***
0.7805 ***
0.7566 Last
0.7100 ***
0.6820 **
0.6650 ***