FX.co ★ AUD/USD Update for June 08, 2023 - Upside continuation in the play

Technical analysis:

AUD/USD has been trading upside in the background and I found that market is respecting the rising trend line and the 20 Exponential Moving Average, which is good sign for the further upside movement.

Due to the short-term upside momentum and potential for the end of the pullback, I see further upside movement towards next upside reference points.

Upside objectives are set at the price of 0.6715 and 0.6810

MACD oscillator is showing neutral reading and potential for upside continuation..

Intraday support is set at the price of 0.6640