AUD Trading Outlook (21-04-2016)
Trade AUD/USD Intraday: the bias remains bullish
Pivot: 0.7760
Our preference: long positions above 0.7760 with targets @ 0.7825 & 0.7860 in extension.
Alternative scenario: below 0.7760 look for further downside with 0.7730 & 0.7675 as targets.
Comment: a support base at 0.7760 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
0.7890
0.7860
0.7825
0.7796 Last
0.7760
0.7730
0.7675