AUD/USD: Caution

Pivot (invalidation): 0.6930

Our preference Short positions below 0.6930 with targets at 0.6910 & 0.6900 in extension.

Alternative scenario Above 0.6930 look for further upside with 0.6945 & 0.6960 as targets.

Comment The upward potential is likely to be limited by the resistance at 0.6930.

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