AUD/USD: Caution

Pivot (invalidation): 0.7225

Our preference Long positions above 0.7225 with targets at 0.7290 & 0.7320 in extension.

Alternative scenario Below 0.7225 look for further downside with 0.7190 & 0.7150 as targets.

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

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