AUD Trading Outlook (18-05-2016)
Trade AUD/USD Intraday: turning down.
Pivot: 0.7335
Our preference: short positions below 0.7335 with targets @ 0.7280 & 0.7265 in extension.
Alternative scenario: above 0.7335 look for further upside with 0.7365 & 0.7400 as targets.
Comment: the immediate trend remains down and the momentum is strong.
Supports and resistances:
0.7400
0.7365
0.7335
0.7295 Last
0.7280
0.7265
0.7245