Tanalys

AUD/USD Intraday: bullish bias above 0.729.

Pivot: 0.729

Our preference: Long positions above 0.729 with targets @ 0.7355 0.738 in extension.

Alternative scenario: Below 0.729 look for further downside with 0.7255 0.723 as targets.

Comment: A support base at 0.729 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

0.7415 **

0.738 ***

0.7355 **

0.7299 Last

0.729 **

0.7255 *

0.723 *

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