AUD/USD Intraday: the upside prevails.
Pivot: 0.7105

Most likely scenario: long positions above 0.7105 with targets at 0.7150 & 0.7185 in extension.

Alternative scenario: below 0.7105 look for further downside with 0.7080 & 0.7055 as targets.

Comment: a support base at 0.7105 has formed and has allowed for a temporary stabilisation.

Leave a Reply