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TheConcierge
Jun 15, 2016 6:59 AM

AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

Pivot: 0.7405

Most Likely Scenario: short positions below 0.7405 with targets @ 0.7330 & 0.7310 in extension.

Alternative scenario: above 0.7405 look for further upside with 0.7445 & 0.7475 as targets.

Comment: as long as the resistance at 0.7405 is not surpassed, the risk of the break below 0.7330 remains high.
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