AUDUSD looks supported by the latest 24 hour news flow.
AUD sentiment is strongly positive while USD sentiment is notably weaker, which favors the pair near term.
Risk appetite is helping the aussie, though China concerns and mixed commodities may limit upside.
Positioning also supports a bounce as shorts have surged, creating a contrarian bullish setup.
Charts still show a broader downtrend, but short term momentum points up toward 0.700 and possibly 0.707 to 0.713.
AUD sentiment is strongly positive while USD sentiment is notably weaker, which favors the pair near term.
Risk appetite is helping the aussie, though China concerns and mixed commodities may limit upside.
Positioning also supports a bounce as shorts have surged, creating a contrarian bullish setup.
Charts still show a broader downtrend, but short term momentum points up toward 0.700 and possibly 0.707 to 0.713.