AUD/USD Weekly Outlook: Resistance Holds Firm as Market Awaits Breakout Trigger
AUD/USD faces mixed signals this week after last week’s volatility capped by resistance near 0.6713. Price remains trapped in a symmetrical triangle between 0.6461 and 0.6713 as bulls and bears await a catalyst. Key supports at 0.6642 and 0.6580 hold for now, while RSI and MACD suggest fading bullish momentum. Watch for a decisive break above 0.6713 or below 0.6461 to set next trend direction amid ongoing USD strength and cautious risk sentiment. #Forex #AUDUSD #TechnicalAnalysis
