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analysing AUD/USD for Thursdayto Dec. 12, 2019



AUD/USD Intraday: the bias remains bullish.
Pivot: 0.6865

Our preference: long positions above 0.6865 with targets at 0.6905 & 0.6915 in extension.

Alternative scenario: below 0.6865 look for further downside with 0.6850 & 0.6835 as targets.

Comment: a support base at 0.6865 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

0.6930
0.6915
0.6905
0.6880 Last
0.6865
0.6850
0.6835
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