Tanalys

AUD/USD Intraday: bullish bias above 0.71.

Pivot: 0.71

Our preference: Long positions above 0.71 with targets @ 0.7165 0.719 in extension.

Alternative scenario: Below 0.71 look for further downside with 0.707 0.703 as targets.

Comment: A support base at 0.71 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

0.7225 **

0.719 **

0.7165 *

0.7122 Last

0.71 ***

0.707 ***

0.703 **

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