Today, the AUD/USD currency pair broke through the key resistance level of 0.6350. This level marks the peak of the previous upward correction that began at the start of this month.

As this breakout occurs, traders will be on the lookout for potential support levels and the formation of new trading ranges. The strength of this break indicates a bullish sentiment in the market, suggesting that AUD/USD may continue its upward trend.

Factors influencing this currency pair include broader economic data, risk appetite, and Australia’s commodity pricing. Traders should remain vigilant for upcoming news that could impact the Aussie dollar.