AUD USD intraday outlook for 28 june 2016

AUD USD intraday outlook for 28 june 2016 The Australian dollar has posted slight losses on Monday following sharp losses in the Friday session. AUD/USD is trading at the 0.74 line at early trades. Aud usd pair is trading at 0.7410 with strong gains on Tuesday. Intraday chart price trend and momentum both are strong bullish.   The AUD/USD is pivoting around the 0.74 handle after the pair saw a massive decline (approximately 330 pips) on the backdrop of the “Brexit” decision.   For intraday, Aussie dollar remain strong and buy on dips. On upside 0.7435 and then 0.75 are resistances as well as intraday target zones. On downside 0.7380 and then 0.7330 are intraday support zones as well as stoploss for long traders.   The Australian dollar gained as risk sentiment improved slightly amid rising oil prices. The Aussie reversed most of previous session losses.

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Pramod Baviskar

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