Contributors Technical Analysis AUD/USD: Bullish Bias Above 0.7180

AUD/USD: Bullish Bias Above 0.7180

Pivot (invalidation): 0.7180

Our preference Long positions above 0.7180 with targets at 0.7220 & 0.7245 in extension.

Alternative scenario Below 0.7180 look for further downside with 0.7160 & 0.7140 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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