USD Trading Outlook (16-06-2014)

AUD/USD Intraday: bullish bias above 0.936.

Pivot

0.9360

Our preference

Long positions above 0.936 with targets @ 0.9435 & 0.946 in extension.

Alternative scenario

Below 0.936 look for further downside with 0.9335 & 0.9315 as targets.

Comment

The RSI lacks downward momentum.

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