AUD/USD: Consolidating, but prices remain under pressure

13:05 GMT - The test below critical support at 0.7592/00 has given way to a short-term AUDUSD bounce, whilst oversold intraday studies unwind, with prices back in consolidation above 0.7600.
Daily stochastics are also flattening in oversold areas, highlighting a cautious tone, but the Tension Indicator remains bearish and weekly charts are negative, highlighting further downside development in the coming sessions. A later close below 0.7600 will confirm extension of January losses, initially towards 0.7500/15.
Meanwhile, resistance remains at 0.7659.
A close above here, if seen, would turn sentiment Neutral and put prices into fresh consolidation below 0.7700.