Tanalys

AUD/USD Intraday: key resistance at 0.787.

Pivot: 0.787

Our preference: Short positions below 0.787 with targets @ 0.779 0.776 in extension.

Alternative scenario: Above 0.787 look for further upside with 0.7925 0.7975 as targets.

Comment: As long as 0.787 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.7975 ***

0.7925 ***

0.787 ***

0.7834 Last

0.779 ***

0.776 ***

0.7705 ***

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