Tanalys

AUD/USD Intraday: bullish bias above 0.906.

Pivot: 0.906

Our preference: Long positions above 0.906 with targets @ 0.916 0.9205 in extension.

Alternative scenario: Below 0.906 look for further downside with 0.901 0.899 as targets.

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

Supports and resistances:

0.9245

0.9205

0.916

0.9104 Last

0.906

0.901

0.899

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