Buy the Dips? AUD/USD Eyes 0.65 After Breakout

As mentioned, I remain bullish on AUD/USD and expect a rise to 0.65.

Over the past 10 days, the pair has remained virtually unchanged, fluctuating within a tight 50-pip range between 0.6250 and 0.63. However, yesterday, AUD/USD showed some strength and broke above 0.63.

I believe this breakout is genuine, and we could see further acceleration to the upside. My target remains 0.65, and I will stay bullish as long as the 0.62 zone holds.

Buying dips should continue to be the preferred strategy.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.