AUD/USD intraday : as long as 0.7167 is support look for 0.7220

Our pivot point is at 0.7167.

Our preference: as long as 0.7167 is support look for 0.7220

Alternative scenario: below 0.7167, expect 0.7149 and 0.7138.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.7177 and 0.7168).

Supports and resistances:

0.7242 **

0.7231 *

0.7220 **

0.7210

0.7183 last

0.7174

0.7167 **