AUD/USD Intraday Signal: Bullish Momentum Holds Above 0.6540
The AUD/USD pair is displaying a bullish intraday bias while holding above the pivot support at 0.6540. Price action remains supported by buyers, aiming for the next resistance targets at 0.6575 and 0.6590. As long as the pair stays above 0.6540, the upward momentum is expected to persist, confirming renewed strength in the short-term structure.
Momentum indicators back the bullish view — the RSI hovers above the 50 level, suggesting growing buying interest. The MACD trades above its signal line, reinforcing a positive configuration and the potential for continuation toward higher resistance zones. Moreover, the pair remains above both the 20- and 50-period moving averages, aligning with an active uptrend setup.
A decisive break above 0.6575 could open the door to 0.6590, marking an extension of the bullish move. However, if 0.6540 fails to hold, traders should anticipate a corrective dip toward 0.6525 and 0.6510, where demand may re-emerge.
Enter: Long above 0.6540
Stop-Loss (SL): 0.6525
Target A: 0.6575
Target B: 0.6590
