Yesterday, the AUD/USD traded higher and closed the day in the positive territory around the price of 0.6425. Today the pair also rose slightly, rising to 0.6460. On the hourly chart, AUD/USD is testing the strength of resistance - the moving average line MA (200) H1 (0.6420). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the southern direction in trading and while the pair remains below MA 200 H1, it may be necessary to look for entry points to sell at the end of the correction.
Probably, the main scenario is a resumption of decline to 0.6410 (session low).
The alternative scenario is consolidation above MA 200 H1 with subsequent growth to 0.6510 (Sep 20 high).
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