Tanalys

AUD/USD Intraday: bullish bias above 0.7755.

Pivot: 0.7755

Our preference: Long positions above 0.7755 with targets @ 0.7815 0.786 in extension.

Alternative scenario: Below 0.7755 look for further downside with 0.771 0.766 as targets.

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

Supports and resistances:

0.791 **

0.786 ***

0.7815 ***

0.7769 Last

0.7755 ***

0.771 ***

0.766 **

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