AUDUSD has fail to breach the resistance at 1.0500. This fact suggest neutral bias within a medium-term horizontal range on hourly support around 1.0460 – 1.0440 area, a clear break below that area should trigger further bearish pressure retesting 1.0390 region. The strong resistance area implied by the declining trend line and 1.0530 area suggests a limited upside potential, but any consistent break above that area should change the intraday bias to bullish aiming 1.0595 region.


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