(15 MAY 2020)AUD/USD Bullish bias above 0.6435.

Pivot
 (invalidation): 0.6435
Our preference
Long positions above 0.6435 with targets at 0.6475 & 0.6495 in extension.
Alternative scenario
Below 0.6435 look for further downside with 0.6405 & 0.6375 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)