AUD/USD INTRADAY CHART
BIAS: I suspect losses to 0.7155-65 and later 0.7130-40
Resistance: 0.7194 0.7209-16 0.7235 0.7261
Support: 0.7155-65 0.7130-40 0.7100-10 0.7068-80
MAIN ANALYSIS: Price declined as expected to the 0.7176-86 area - but which broke this morning. This puts us back on a bearish track and for now this appears to imply a move down to 0.7155-65 for a correction of around 20-25 points and for losses to then extend to the 0.7130-40 area (max 0.7100-10.) Watch for bullish reversal indications for a correction higher. The depth is not known at this point.
COUNTER ANALYSIS: Only a break below 0.7100 would maintain the downside more directly.
MEDIUM TERM ANALYSIS:
9th November: The is a growing risk of losses resuming but best wait for stronger signals ...
30th November: As far as I can see, with the dollar bullish we have probably seen the Wave [iv] and therefore we should be looking for losses overall…