AUD/USD Holds Above 0.6500, Long-Term Upside Bias Intact

AUD/USD Holds Above 0.6500, Long-Term Upside Bias Intact

AUD/USD Sideways in the Short-Term, but Bulls Still in Control

The Australian Dollar (AUD) remains within a sideways trading range against the US Dollar (USD), moving between 0.6480 and 0.6520 in early week trading. Despite recent hesitation, long-term outlooks continue to favor upside, provided the key support level at 0.6455 holds firm.

24-Hour View: Sideways Action Expected

The AUD/USD pair has seen flat momentum indicators, reflecting an absence of strong bullish or bearish signals in the immediate term. With price action confined between 0.6480 and 0.6520, a continuation of range-bound movement appears likely before any decisive breakout.

1–3 Week Outlook: Eyeing the 0.6555 Break

Technical analysts continue to monitor the 0.6555 resistance zone, which has proven tough to clear. However, as long as AUD/USD stays above 0.6455, the bullish bias remains intact. A successful break above 0.6555 could trigger the next leg higher toward the 0.6600 region and beyond.

Key Technical Levels

• Resistance: 0.6555
• Support: 0.6455 (strong support), 0.6480 (near-term)
• Range Watch: 0.6480–0.6520
• Bias: Bullish above 0.6455

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