7998258 10/17/2017 2:18 PM, AUD/USD Intraday: under pressure.


Pivot: 0.7875


Our preference:

short positions below 0.7875 with targets at 0.7825 & 0.7805 in extension.


Alternative scenario:

above 0.7875 look for further upside with 0.7900 & 0.7925 as targets.


Comment:

as long as 0.7875 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:


0.7925

0.7900

0.7875


0.7849

Last

0.7825

0.7805

0.7770