AUD/USD Daily Outlook

[Forex-Outlook]

AUD/USD's break of 0.8917 minor support suggests that rebound from 0.8715 is completed and flips intraday bias back to the downside for retesting 0.8715 low first. Decisive break there will confirm fall resumption and should target key support level at 0.8577. On the upside, in case of another rise, we'd continue to expect strong resistance at 0.9093 cluster resistance (61.8% retracement of 0.9324 to 0.8715 at 0.9091) to limit upside and bring fall resumption.

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