AUD/USD Intraday: bullish bias above 0.6458.

Pivot: 0.6458

Our preference: long positions above 0.6458 with targets at 0.6495 & 0.6514 in extension.

Alternative scenario: below 0.6458 look for further downside with 0.6428 & 0.6405 as targets.

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

Supports and resistances:

0.6520

0.6514

0.6495

0.6480 Last

0.6458

0.6428

0.6405