Being contained by the rising trend line from 0.6989 (Apr 28 low) to 0.7450 (May 18 low), AUDUSD rebounds from 0.7913. further rally to 0.8150-0.8200 area is possible later today. However, consolidation in a range between 0.7913 and 0.8263 is more likely to continue. Key resistance is located at 0.8263, only rise above this level will indicate that the consolidation has completed, and then further rally could be seen to 0.8500 zone.