AUD/USD: Bullish Bias Above 0.7405

<p>Pivot (invalidation): 0.7405 Our preference Long positions above 0.7405 with targets at 0.7450 &#38; 0.7480 in extension. Alternative scenario Below 0.7405 look for further downside with 0.7390 &#38; 0.7370 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.</p>
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