FX.co ★ AUD/USD analysis for May 18, 2023 - Potential for the rally towards upper reference

Technical analysis:

AUD/USD has been trading downside this morning but I saw tesd and reject of the key support cluster at the price of 0.6630, which is good sign for the further rally.

Due to the test and rejection fo the key support, I see potential for the rally towards upside references.

Upside objectives are set at the price of 0.6670 and 0.6700

Key support is set at the price of $0.6630