AUD/USD Intraday: consolidation.
AUD/USD (AUD/USD)
-0.00184-0.26%
long positions above 0.7035 with targets at 0.7100 & 0.7125 in extension.
Pivot: 0.7035
Our preference: long positions above 0.7035 with targets at 0.7100 & 0.7125 in extension.
Alternative scenario: below 0.7035 look for further downside with 0.7010 & 0.6985 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.7150
0.7125
0.7100
0.7052 Last
0.7035
0.7010
0.6985
Our preference: long positions above 0.7035 with targets at 0.7100 & 0.7125 in extension.
Alternative scenario: below 0.7035 look for further downside with 0.7010 & 0.6985 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.7150
0.7125
0.7100
0.7052 Last
0.7035
0.7010
0.6985
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