Tanalys

AUD/USD intraday: key ST resistance at 0.993.

Pivot: 0.993

Our preference: Short positions below 0.993 with targets @ 0.983 0.976 in extension.

Alternative scenario: Above 0.993 look for further upside with 0.996 1.003 as targets.

Comment: as long as 0.993 is resistance, look for choppy price action with a bearish bias.

Key levels

1.003

0.996

0.993

0.98876 last

0.983

0.976

0.9705

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