AUD/USD intraday: the bias remains bullish.

Pivot: 0.7130

Our preference: long positions above 0.7130 with targets at 0.7180 & 0.7200 in extension.

Alternative scenario: below 0.7130 look for further downside with 0.7110 & 0.7095 as targets.

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

Supports and resistances:

0.7220 **

0.7200 **

0.7180 ***

0.7157 Last

0.7130 ***

0.7110 **

0.7095 **