FX.co ★ AUDUSD,H4 | Bullish continuation expected?

The AUD/USD pair exhibits a strong bullish trend, indicating a potential continuation of the upward momentum. The 1st support at 0.6757 (overlap support and 50% Fibonacci retracement) and the 2nd support at 0.6699 (overlap support and 61.8% Fibonacci retracement) act as significant rebound zones. On the upside, the 1st resistance at 0.6901 (overlap resistance) and the 2nd resistance at 0.6977 (Fibonacci confluence) may impede further upward movement.