Tanalys

AUD/USD Intraday: bullish bias above 0.707.

Pivot: 0.707

Our preference: Long positions above 0.707 with targets @ 0.715 0.717 in extension.

Alternative scenario: Below 0.707 look for further downside with 0.704 0.7015 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

0.7195 **

0.717 ***

0.715 ***

0.7095 Last

0.707 ***

0.704 **

0.7015 ***

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