AUD Trading Outlook (21-03-2016)
AUD/USD Intraday: caution.
Pivot: 0.7575
Our preference: long positions above 0.7575 with targets @ 0.7640 & 0.7680 in extension.
Alternative scenario: below 0.7575 look for further downside with 0.7520 & 0.7475 as targets.
Comment: a support base at 0.7575 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
0.7715
0.7680
0.7640
0.7586 Last
0.7575
0.7520
0.7475