Tanalys

AUD/USD Intraday: bullish bias above 0.7305.

Pivot: 0.7305

Our preference: Long positions above 0.7305 with targets @ 0.7365 0.738 in extension.

Alternative scenario: Below 0.7305 look for further downside with 0.7285 0.725 as targets.

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

Supports and resistances:

0.741 **

0.738 **

0.7365 ***

0.7326 Last

0.7305 ***

0.7285 ***

0.725 **

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