AUD Trading Outlook (01-04-2016)

AUD/USD Intraday: bullish bias above 0.7630

Pivot: 0.7630

Our preference: long positions above 0.7630 with targets @ 0.7705 & 0.7745 in extension.

Alternative scenario: below 0.7630 look for further downside with 0.7565 & 0.7515 as targets.

Comment: a support base at 0.7630 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
0.7790
0.7745
0.7705
0.7666 Last
0.7630
0.7565
0.7515

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