Tanalys

AUD/USD Intraday: bullish bias above 0.765.

Pivot: 0.765

Our preference: Long positions above 0.765 with targets @ 0.7705 0.773 in extension.

Alternative scenario: Below 0.765 look for further downside with 0.763 0.761 as targets.

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

Supports and resistances:

0.775 **

0.773 ***

0.7705 ***

0.7675 Last

0.765 **

0.763 **

0.761 *

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