AUD/USD is displaying indicators of potential upside because it consolidates above key technical ranges, with bullish momentum constructing if assist at 0.6400 holds, Société Générale’s FX analysts observe.
Key assist at 0.6400 in focus
“AUD/USD has developed inside a decent vary since final month. A transparent route has been missing nonetheless alerts of a deeper pullback will not be but seen. The pair has established itself above the 50-DMA and is now difficult the higher restrict of latest consolidation.”
“Defence of latest pivot low at 0.6400 can result in a bigger up transfer. Subsequent goals could possibly be situated at projections of 0.6630/0.6650 and 0.6720.”
