AUD/USD Intraday Signal: Watch 0.7060
Analysis:
AUD/USD remains supported above the pivot level at 0.7060 while intraday indicators remain mixed. As long as price trades above this level, the bullish preference persists, with immediate focus on 0.7120, followed by the extended upside objective at 0.7140. Holding above the pivot reinforces the short-term constructive structure.
A decisive move above 0.7120 would confirm renewed buying momentum and accelerate the advance toward 0.7140, signaling continuation of the bullish intraday leg. Pullbacks are likely to remain corrective while 0.7060 supports price action.
Alternatively, a sustained move below 0.7060 would neutralize the bullish scenario and expose lower support levels at 0.7040 and 0.7015, suggesting a potential short-term decline.
Trade Setup:
Enter: Long above 0.7060
Stop-Loss (SL): 0.7040
Target A: 0.7120
Target B: 0.7140
