Wednesday, 3 May 2017

AUD/USD Intraday 04 May 2017

AUD/USD Intraday: under pressure.
Pivot: 0.7455

Most likely scenario: short positions below 0.7455 with targets at 0.7385 & 0.7360 in extension.

Alternative scenario: above 0.7455 look for further upside with 0.7480 & 0.7500 as targets.

Comment: as long as 0.7455 is resistance, look for choppy price action with a bearish bias.

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