AUDUSD – near-term outlook stays neutral as the pair continues to trade within the daily cloud

AUDUSD has stayed in sideways mode for a third consecutive session, with near-term action confined within a narrow daily cloud.

Attempts to push above the cloud top (0.6512) were repeatedly capped by the daily Kijun-sen (0.6522), prompting a move toward the cloud base (0.6474, also Fibo 61.8% of the 0.6419/0.6568 rally), which has so far held as support.

While no clear directional signal is expected as long as price trades inside the cloud, improving momentum on the daily chart, Stochastic nearing a break from oversold territory, and converging Tenkan/Kijun-sen lines hinting at a possible bull-cross, all suggest a slight bullish tilt.

On the upside, a firm break above the cloud top and Kijun-sen would open the way toward 0.6568 (Aug 14 high) and potentially the 2025 peak at 0.6625 (July 24).

Alternatively, a sustained drop below the cloud base would expose the next key supports at 0.6450 (100DMA) and 0.6419 (Aug 1 low).

Res: 0.6512; 0.6522; 0.6568; 0.6595
Sup: 0.6474; 0.6450; 0.6419; 0.6372