AUD/USD Weekly: 0.67 breakout held, 0.70 the decision level

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AUD/USD Weekly: 0.67 breakout held, 0.70 the decision levelAUD/USDOANDA:AUDUSDGovindSatoshiThe June breakout above 0.67 has done what a clean breakout should: held its retest and kept grinding. Price sits at 0.6983 into the weekly close, pressing the 0.70 round number for the first sustained test in this leg. The level map is simple. 0.67 is the line in the sand: former multi-month resistance, now support, and the invalidation for the bullish structure. 0.70 is the psychological and options-heavy barrier overhead. A weekly close above 0.70 opens the prior congestion toward 0.72; rejection here likely means another rotation into the 0.68s, which would be routine and not bearish unless 0.67 goes. The macro frame still leans constructive for AUD: the RBA-Fed rate differential has stopped widening against the Aussie, and terms of trade remain supportive while iron ore holds its range. The risk to the thesis is a broad USD bid on risk-off, which historically punishes AUD faster than the crosses. My read: no chase at 0.6983. The trade is either the 0.70 breakout confirmation on a weekly close, or the patient bid on a pullback toward 0.68 with a stop below 0.67. Both setups are defined-risk; the middle is chop. Position sizing for AUD pairs under the ASIC 30:1 retail cap: I built a free calculator for exactly this - it is in the SatoshiMacro tools section if you want it.