The AUD/USD pair has continued its upward momentum, reaching a new monthly high. The pair’s recent breakout above the 0.6799 level suggests a strong bullish trend.
While the RSI has shown a bearish divergence, indicating potential for a short-term pullback, the overall uptrend remains intact. Support levels at 0.6755 and 0.6639 could provide opportunities for buying on dips.
AUD/USD Technical Outlook
A break above the 0.6870 level would signal a further extension of the uptrend, with potential targets at 0.6900 and beyond. However, the RSI’s bearish divergence suggests a potential for a short-term correction before the uptrend resumes.