Contributors Technical Analysis AUD/USD: Bullish Bias Above 0.7160

AUD/USD: Bullish Bias Above 0.7160

Pivot (invalidation): 0.7160

Our preference Long positions above 0.7160 with targets at 0.7195 & 0.7220 in extension.

Alternative scenario Below 0.7160 look for further downside with 0.7145 & 0.7125 as targets.

Comment A support base at 0.7160 has formed and has allowed for a temporary stabilisation.

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