Tanalys

AUD/USD intraday: bullish bias above 0.904.

Pivot: 0.904

Our preference: Long positions above 0.904 with targets @ 0.921 0.9255 in extension.

Alternative scenario: Below 0.904 look for further downside with 0.8985 0.8915 as targets.

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

Key levels

0.929

0.9255

0.921

0.90961 last

0.904

0.8985

0.8915

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