AUD/USD Intraday Signal: Upside Prevails Toward 0.6645
Analysis:
AUD/USD continues to exhibit a strong bullish intraday structure while trading above the pivot level at 0.6585. Buyers remain in control of the short-term trend, aiming for 0.6630 and the key upside target at 0.6645. Market structure shows higher lows and sustained upward momentum, indicating a continuation of the uptrend as long as price holds above support.
Momentum indicators reinforce the bullish scenario. The RSI is clearly bullish, confirming strong buying pressure and signaling potential for further advance. Price action remains well-supported above key moving averages, which aligns with ongoing upward momentum.
A break above 0.6630 would strengthen bullish continuation toward 0.6645, where the next major resistance zone awaits.
Alternatively, a break below 0.6585 would soften the bullish outlook, exposing downside targets at 0.6570 and 0.6555.
Trade Setup:
Enter: Long above 0.6585
Stop-Loss (SL): 0.6570
Target A: 0.6630
Target B: 0.6645
