AUD/USD Intraday Signal: Consolidation Under Resistance at 0.6515
The AUD/USD pair is currently in consolidation mode, trading sideways but remaining under pressure below the resistance level at 0.6515. Market sentiment leans slightly bearish as price action continues to form lower highs while struggling to sustain gains above the pivot.
The RSI remains near neutral levels but slightly tilted downward, suggesting fading bullish momentum. Meanwhile, price action is capped by intraday moving averages, keeping short-term sellers active.
As long as the pair trades below 0.6515, the bias stays bearish within consolidation, with potential downside targets at 0.6470 and 0.6455. A sustained break beneath 0.6455 could accelerate the decline further.
On the other hand, a move above 0.6515 would ease the downside pressure and open room for a mild rebound toward 0.6530 and 0.6545, but such a recovery would likely remain limited.
Enter: Short below 0.6515
Stop-Loss (SL): 0.6530
Target A: 0.6470
Target B: 0.6455
