The AUDUSD is trending higher today, with the price breaking above the June highs at 0.65516 and surpassing the 61.8% retracement of the September 2024 high to April 2025 low, which comes in at 0.65489. This level also aligns closely with the November 2024 swing high at 0.65492, adding further technical significance to the breakout zone.

The current session high has reached 0.6558, signaling growing bullish interest. For those looking to define near-term risk, the 0.6537 level becomes an important line in the sand. That level represents swing highs from May and was broken briefly in early June when the price reached 0.6551, though momentum faltered at that time.

If today's breakout is genuine, and buyers are serious about extending the upside, then holding above 0.6537 will be crucial. A failure to stay above this zone could signal a false break, leading to buyer disappointment and potential reversal. But if price remains firm, bullish momentum could continue to build in the days ahead.

.