7756885 8/11/2017 9:18 AM, AUD/USD ST: bullish bias above 0.7710.


Pivot: 0.7710


Our preference:

long positions above 0.7710 with targets at 0.8085 & 0.8250 in extension.


Alternative scenario:

below 0.7710 look for further downside with 0.7565 & 0.7465 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Supports and resistances:


0.8400 **

0.8250 **

0.8085 ***


0.7845

Last

0.7710 ***

0.7565 **

0.7465 **