Tanalys

AUD/USD Intraday: key resistance at 0.734.

Pivot: 0.734

Our preference: Short positions below 0.734 with targets @ 0.7255 0.723 in extension.

Alternative scenario: Above 0.734 look for further upside with 0.738 0.7415 as targets.

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

Supports and resistances:

0.7415 **

0.738 ***

0.734 **

0.7302 Last

0.7255 **

0.723 *

0.72 *

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