AUD Trading Outlook (18-03-2016)
AUD/USD Intraday: the upside prevails.
Pivot: 0.7575
Our preference: long positions above 0.7575 with targets @ 0.7715 & 0.7780 in extension.
Alternative scenario: below 0.7575 look for further downside with 0.7520 & 0.7475 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
0.7850
0.7780
0.7715
0.7669 Last
0.7575
0.7520
0.7475