Tuesday, 9 May 2017

AUD/USD Intraday 09 May 2017

AUD/USD Intraday: the downside prevails.
Pivot: 0.7400


Most likely scenario: short positions below 0.7400 with targets at 0.7335 & 0.7300 in extension.



Alternative scenario: above 0.7400 look for further upside with 0.7425 & 0.7445 as targets.



Comment: the RSI shows downside momentum.


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