AUD/USD Breakout Watch: Bullish Continuation or False Alarm?
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The AUD/USD pair is trading in a consolidation zone after breaking above a key descending trendline, signaling bullish momentum.
The price has retested the breakout level, turning resistance into support, strengthening the outlook. With the RSI at 51.32, holding above 0.6200 could push the price toward 0.6400, with a target near 0.6700.