AUD/USD News and analysis
AUD/USD Intraday: the bias remains bullish.
Most Likely Scenario: Long positions above 0.773 with targets @ 0.782 & 0.785 in extension.
Alternative scenario: Below 0.773 look for further downside with 0.77 & 0.7665 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited
Most Likely Scenario: Long positions above 1195 with targets @ 1209 & 1212.5 in extension.
Alternative scenario: Below 1195 look for further downside with 1189 & 1183.5 as targets.
Comment: A support base at 1195 has formed and has allowed for a temporary stabilisation.
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