The pair has confirmed a strong bullish bounce over the last trading session with a rally towards a former support at 1,05.
A clear break above this level which is currently tested would open the door to an extention towards next resistance near 1,0650 (daily 20 moving average).
Only a break below 1,04 (last swing low) would negate this bullish outlook and put the AUD/USD back under pressure.
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