Tanalys

AUD/USD MT: under pressure.

Pivot: 0.9315

Our Preference: SHORT position below 0.9315 with 0.8845 0.8580 in sight.

Alternative Scenario: Above 0.9315 look for further upside to 1.0150.

Comment: as long as 0.9315 is resistance, look for choppy price action with a bearish bias.

Trend: ST Consolidation; MT Bearish, we have been bearish since 10 MAY 2013 (0.9975).

Key levels Comment

1.0150*** Horizontal resistance

0.9590*** Horizontal resistance

0.9315*** MT pivot point

0.8902 Last

0.8845*** Horizontal support

0.8580*** Horizontal support

0.8325*** Horizontal support

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