AUD/USD Technical Analysis: Neutral short-term still bearish on a wider perspective

• The pair is on a consolidation phase, still looking vulnerable on a wider perspective as the bearish trend remains in place.
• Ahead of the Asian session, a break above 0.7210 would signal more gains ahead and a potential test of 0.7230. A close above 0.7230 to shows signals of a potential bottom.
• On the flip side, below 0.7185 a test of 0.7165 is likely, below that level YTD lows around 0.7140 would be exposed.
• Key medium-term resistance around 0.7350, downtrend line from January highs.

AUD/USD Chart, 15-Minute

Spot rate:                0.7195
High:                      0.7209
Low:                       0.7164

Trend:                    Consolidation

Resistance 1:        0.7210                        
Resistance 2:        0.7230
Resistance 3:        0.7275

Support 1:            0.7185
Support 2:            0.7160
Support 3:            0.7140