AUDUSD – When Capital Starts Leaning Toward the Bulls

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AUDUSD – When Capital Starts Leaning Toward the BullsAUD/USDOANDA:AUDUSDParadise_NoirThe market is entering an interesting phase as Australia’s latest economic data brings renewed confidence to the AUD. Stronger-than-expected job growth and the RBA’s stance of “no interest-rate cuts anytime soon” have created a solid foundation for the Australian dollar to attract buying pressure. Meanwhile, the USD is gradually losing momentum as markets reduce expectations of a quick policy move from the Fed. This shift makes the AUD a more attractive short-term choice. On the chart, AUDUSD has just broken above short-term resistance and is holding firmly above the 0.6560 nearby support — an important area the market may use to accumulate before pushing higher. The current structure leans bullish, with higher lows forming and clear buying interest each time price retests support. As long as AUDUSD stays above 0.6560, the next target lies around 0.6620 — a zone that previously acted as strong rejection. This will be the level where bulls truly test their strength before deciding whether to extend the uptrend.