AUDUSD stretches to targets at topside trend line and November 2024 highs

  • The swing highs from November 2024 come in at 0.6684 to 0.6694. The high reached 0.6685 so far

The AUDUSD is pressing higher, extending to a new session peak and now up 0.27% on the day—a notable pickup after starting only marginally firmer. The rally has carried the pair to 0.6685, where it is testing a key topside trend line.

AUDUSD technicals

That level also aligns with the November 2024 highs between 0.6684 and 0.6694, creating a tight resistance band. A decisive break above this zone would open the door for additional upside momentum and strengthen the bullish bias.

I’ve highlighted these levels in the chart within this post from last week.

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