AUD/USD Staying Neutral as Price Moves Within Daily Range
AUD/USD shows a neutral near-term tone while prices fluctuate within the daily cloud. Recent upticks above the cloud top at 0.6512 faced resistance at 0.6522, leading to a test at the cloud bottom around 0.6474. This level represents the Fibonacci 61.8% retracement of the previous upward move. Monitoring these dynamics will be essential for traders seeking to navigate price action effectively within this range. Understanding broader economic trends may help inform strategies as prices aim to break out or confirm the existing range.