Tanalys

AUD/USD Intraday: bullish bias above 0.715.

Pivot: 0.715

Our preference: Long positions above 0.715 with targets @ 0.72 0.7225 in extension.

Alternative scenario: Below 0.715 look for further downside with 0.712 0.708 as targets.

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

Supports and resistances:

0.726 ***

0.7225 ***

0.72 ***

0.7181 Last

0.715 ***

0.712 ***

0.708 **

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