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Figure Heloc 
AUD/USD has broken above a descending trend line and the top of its multi-month range, signaling renewed upside momentum. A pullback toward 0.6650 may offer support, with gains potentially extending toward 0.6855–0.6940, Société Générale’s FX analysts note. .
💡 DMK Insight
AUD/USD’s breakout above key resistance is a game changer for traders looking for momentum. Breaking above the descending trend line and the top of its multi-month range suggests that bullish sentiment is gaining traction. If the pair pulls back to 0.6650, that level could act as a solid support, offering a potential entry point for long positions. Watch for a continuation toward the 0.6855–0.6940 target range, which aligns with bullish forecasts from Société Générale. This breakout could also influence related pairs, particularly AUD/NZD and AUD/JPY, as traders reassess their positions based on the Australian dollar’s strength. However, be cautious of overextending positions if the market shows signs of fatigue. A failure to hold above 0.6650 could signal a reversal, so keep an eye on the daily close. The real story is whether this breakout can sustain itself, so monitor the upcoming economic data releases from Australia and the U.S. for any volatility that could impact this trend.
📮 Takeaway
Watch for a pullback to 0.6650 as a potential buying opportunity, targeting gains toward 0.6855–0.6940 in the coming days.
