AUD/USD Intraday: bullish bias above 0.6375.

Pivot: 0.6375

Our preference: long positions above 0.6375 with targets at 0.6425 & 0.6445 in extension.

Alternative scenario: below 0.6375 look for further downside with 0.6350 & 0.6325 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

0.6465

0.6445

0.6425

0.6389 Last

0.6375

0.6350

0.6325