Tanalys

AUD/USD Intraday: bullish bias above 0.934.

Pivot: 0.934

Our preference: Long positions above 0.934 with targets @ 0.9422 0.9445 in extension.

Alternative scenario: Below 0.934 look for further downside with 0.929 0.9255 as targets.

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

Supports and resistances:

0.9505

0.9445

0.9422

0.9394 Last

0.934

0.929

0.9255

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