The intraday outlook for AUD/USD remains neutral at present. A decisive break above the 0.7183 resistance level would indicate that the recent pullback from the 0.7277 peak has concluded, opening the path for a rally back toward the 0.7277 high. Conversely, a clear break below 0.7076 would suggest a broader correction, with the next target shifting to the 0.6832 support zone.
On a longer time frame, the recovery from the 2024 low of 0.5913 continues. A firm break of the 61.8% Fibonacci retracement (from the 0.8006 high to the 0.5913 low) at 0.7206 would confirm a reversal of the downtrend that began at the 2021 high of 0.8006, potentially paving the way for a retest of that high. For now, the bias stays bullish provided the 0.6832 support level holds during any pullback.
