Tanalys

AUD/USD intraday: bullish bias above 1.031.

Pivot: 1.031

Our preference: Short positions below 1.031 with targets @ 1.023 1.02 in extension.

Alternative scenario: Above 1.031 look for further upside with 1.0355 1.0395 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.031.

Key levels

1.0395

1.0355

1.031

1.02912 last

1.023

1.02

1.0175

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