AUDUSD Technical Outlook

The pair stabilizes above important 0.9000 support, where near-term base is signaled, as the price bounced to 0.9070 and retraced 50% of 0.9137/0.8994 fall. Improved hourly tone is supportive for further recovery, however, still weak 4-hour structure requires caution, while the price holds below 0.9080, Fibonacci 61.8% retracement and 0.9100. Break here to confirm bulls fully in play for retest of key 0.9132/37 peaks and resume larger uptrend on a break. Conversely, fresh weakness below initial support and hourly higher platform at 0.9031, would risk return to strong 0.9000, reinforced by daily bull-trendline, drawn off 0.8658 low.

Res: 0.9070, 0.9085, 0.9100, 0.9132
Sup: 0.9031, 0.9000, 0.8975, 0.8935