AUD/USD Intraday: consolidation.

Pivot: 0.6875

Our preference: long positions above 0.6875 with targets at 0.6945 & 0.6970 in extension.

Alternative scenario: below 0.6875 look for further downside with 0.6855 & 0.6830 as targets.

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

Supports and resistances:

0.7000

0.6970

0.6945

0.6902 Last

0.6875

0.6855

0.6830