- Pair is currently supported below $0.71 level.
- It made intraday high at $0.7120 and low at $0.7084 levels.
- Intraday bias remains bearish for the moment.
- Corrective rebound from $0.6826 should have completed at 0.7241 already.
- On the top side, a daily close above $0.7181 is required to confirm the bullish trend.
- Strong resistance falls at $0.7384 marks and key support falls at $0.6826 levels.
We prefer to take short position in AUD/USD around $0.71, stop loss $0.7181 and target $0.6912/$0.6826 thereafter.
