AUDUSD

Intraday - We look to Buy at 0.7050 (stop at 0.7000)

We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips.

Our profit targets will be 0.7200 and 0.7285

Resistance: 0.7170 / 0.7285 / 0.7430
Support: 0.7055 / 0.6913 / 0.6680

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