AUD/USD Intraday Signal: Watch 0.6540 as Key Resistance
AUD/USD maintains a bullish intraday outlook while trading above the pivot level at 0.6515. Buyers are gradually gaining control, targeting resistance levels at 0.6540 and 0.6555 in extension. The structure shows improving momentum with higher lows forming, suggesting a continuation of the upward move as long as price remains supported above the pivot.
Momentum indicators reinforce the bullish view — the RSI stays above its neutral level at 50, confirming renewed buying interest, while price trades above key short-term moving averages. A decisive break above 0.6540 would validate further gains toward 0.6555, where the next major resistance zone lies.
Alternatively, a move below 0.6515 would challenge the bullish scenario and expose support levels at 0.6500 and 0.6485 before potential demand returns.
Trade Setup:
Enter: Long above 0.6515
Stop-Loss (SL): 0.6500
Target A: 0.6540
Target B: 0.6555
