AUD Trading Outlook (08-04-2016)
Trade AUD/USD Intraday: watch 0.7490.
Pivot: 0.7550
Our preference: short positions below 0.7550 with targets @ 0.7490 & 0.7455 in extension.
Alternative scenario: above 0.7550 look for further upside with 0.7590 & 0.7635 as targets.
Comment: a break below 0.7490 would trigger a drop towards 0.7455.
Supports and resistances:
0.7635
0.7590
0.7550
0.7510 Last
0.7490
0.7455
0.7420