EUR Trading Outlook (04-06-2014)

AUD/USD Intraday: the downside prevails.

Pivot

0.9290

Our preference

Short positions below 0.929 with targets @ 0.923 & 0.9205 in extension.

Alternative scenario

Above 0.929 look for further upside with 0.9315 & 0.933 as targets.

Comment

The RSI is mixed with a bearish bias.

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