[AUD/USD Technicals — Uptime Momentum Clings to Critical Levels]
AUD/USD’s rally from 0.6864 continued last week and accelerated higher. Despite an enduring upside bias this week, a firm break above 0.7183 based on the 161.8 % extension of the 0.6864‑to‑0.7026 projection sets off potential testing of the 0.7277 resistance zone. On the downside, fall below 0.7128 offers merely marginal support that could neutralize bullish intent, inviting renewed consolidation.
In the broader view, the recent peak near 0.7277 functions more as a medium‑term plateau than a definitive ceiling. Declines could linger, yet a breach beneath the 38.2 % retracement point of 0.5913—roughly 0.6756—ought to spark a rebound, limiting bearish selling pressure and paving the way for fresh push toward 0.8006, the 2021 reference high.
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