AUD/USD intraday : 0.6953 expected

Our pivot point is at 0.6995.

Our preference: The downside prevails as long as 0.6995 is resistance, with 0.6953 and 0.6942 as targets

Alternative scenario: above 0.6995, look for 0.7014 and 0.7025.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 0.6980 and 0.6991).

Supports and resistances:

0.7025 **

0.7014 *

0.6995 **

0.6988

0.6970 last

0.6953

0.6942 **