The AUD/USD pair concluded the previous daily session with a close above the 0.6570 level, initiating the current day with additional positive momentum as it distances itself from this level. This development confirms the commencement of a bullish wave on an intraday basis, with an initial target set at 0.6640.
The bullish bias is anticipated to persist throughout the day, contingent upon the price maintaining stability above the key level at 0.6570. A breach of this level, however, would subject the price to corrective bearish pressures once again, potentially leading it towards the 0.600 areas as the subsequent negative target.
The expected trading range for the present session is foreseen to fluctuate between the support level at 0.6550 and the resistance level at 0.6640.
In summary, the prevailing trend outlook suggests a bullish trajectory for the AUD/USD pair today, provided the critical support at 0.6570 remains intact.