7987603 10/13/2017 2:57 PM, AUD/USD MT: the bias remains bullish.


Pivot: 0.7150


Our preference:

long positions above 0.7150 with targets at 0.8400 & 0.8900 in extension.


Alternative scenario:

below 0.7150 look for further downside with 0.6825 & 0.6225 as targets.


Comment:

The pair has broken above the upper boundary of a triangle pattern and should post further advance as it remains supported by its rising 50-weeks moving average.


Supports and resistances:


0.9525

0.8900

0.8400


0.7837

Last

0.7150

0.6825

0.6225