AUD/USD Intraday Signal: Bullish Bias Holds Above 0.6640
Analysis:
AUD/USD maintains a bullish intraday bias while trading above the pivot level at 0.6640. Buyers remain in control of the short-term structure, targeting 0.6685 initially and the main upside objective at 0.6700 in extension. Price action continues to respect higher support levels, keeping the upward trend intact.
Momentum indicators support the bullish outlook. The RSI is above its neutrality area at 50, confirming positive momentum and sustained buying interest. As long as price holds above 0.6640, pullbacks are expected to remain limited and corrective.
Alternatively, a break below 0.6640 would weaken the bullish setup and expose downside levels at 0.6625 and 0.6605, where buyers may attempt to re-enter.
Trade Setup:
Enter: Long above 0.6640
Stop-Loss (SL): 0.6625
Target A: 0.6685
Target B: 0.6700