Intraday bias in AUD/USD remains neutral for the moment. With 1.0358 resistance intact, deeper decline is still expected. Initial bias is neutral this week and more consolidations could be seen. And break of 1.0220 will bring another decline to 1.0115 support. On the upside, above 1.0358 will turn bias back to the upside for stronger recovery to 1.0581 resistance instead.
In the bigger picture, price actions from 1.1079 high are treated as a consolidation pattern in the larger up trend, in form of a triangle. There is no clear sign of breakout yet. But in case of another fall, downside should be contained above 0.9588. Meanwhile, break of 1.0624 will be an early sign of up trend resumption and should bring retest of 1.1079 high next.


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