AUD/USD intraday: the downside prevails as long as 0.6617 is resistance
Our preference: the downside prevails as long as 0.6617 is resistance.
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Our preference: the downside prevails as long as 0.6617 is resistance.
Alternative scenario: the downside breakout of 1.3505 would call for 1.3475 and 1.3456.
Alternative scenario: the downside breakout of 136.67 would call for 136.07 and 135.72.
Alternative scenario: the upside breakout of 84.04 would call for 84.35 and 84.54.
Alternative scenario: the downside breakout of 1.7901 would call for 1.7842 and 1.7807.
Our preference: our next up target stands at 1.1928.
Alternative scenario: below 1.9314, expect 1.9240 and 1.9197.
Alternative scenario: the upside breakout of 0.9949 would call for 0.9971 and 0.9985.
Long positions above 1.3735 with targets at 1.3800 & 1.3820 in extension.
Long positions above 0.9395 with targets at 0.9440 & 0.9460 in extension.
Short positions below 1.1860 with targets at 1.1800 & 1.1775 in extension.
Short positions below 137.45 with targets at 136.45 & 136.15 in extension.