Tanalys

AUD/USD Intraday: bullish bias above 0.939.

Pivot: 0.939

Our preference: Long positions above 0.939 with targets @ 0.9445 0.9465 in extension.

Alternative scenario: Below 0.939 look for further downside with 0.9375 0.935 as targets.

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

Supports and resistances:

0.948

0.9465

0.9445

0.9417 Last

0.939

0.9375

0.935

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