Tanalys

AUD/USD Intraday: key resistance at 0.703.

Pivot: 0.703

Our preference: Short positions below 0.703 with targets @ 0.695 0.692 in extension.

Alternative scenario: Above 0.703 look for further upside with 0.7065 0.71 as targets.

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

Supports and resistances:

0.71 **

0.7065 ***

0.703 ***

0.6994 Last

0.695 ***

0.692 **

0.69 **

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