AUD/USD Intraday Signal: Aim Toward 0.7050
Analysis:
AUD/USD has shifted into a bullish intraday phase following a decisive break above the pivot level at 0.6980. This breakout is a positive technical signal, opening the path toward 0.7050, with scope for extension to 0.7070. Price acceptance above the pivot suggests buyers are firmly in control of the short-term structure.
The breakout reduces downside risk while price holds above 0.6980, favoring continuation higher. Pullbacks toward the pivot are likely to be corrective, as long as the bullish structure remains intact and buyers continue to defend this level.
Alternatively, a move back below 0.6980 would weaken the bullish setup and expose downside supports at 0.6960 and 0.6940.
Trade Setup:
Enter: Long above 0.6980
Stop-Loss (SL): 0.6960
Target A: 0.7050
Target B: 0.7070
