Chartbook: Chart AUD/USD: Extending bounce from .5913, April low

Consolidation below the .6400 level gave way to selling pressure with sharp losses through the .6100 low of February reaching fresh year low at .5913 in early April.  

Rebound to regain the .6400 level has seen a slow grind higher with choppy gains reaching .6550, 61.8% Fibonacci level. Bullish momentum suggest room for further gains going forward to resistance at the .6700 congestion and 76.4% Fibonacci level as well as the down trend line from the 2021 year high. Clearance here will turn focus to the .6900/.6940 resistance and 2024 year high. 

Meanwhile, support at the .6400/.6355 congestion area is expected to underpin. Break here will open up room for deeper corrective pullback to the .6270/.6170, the 2023 and 2022 year lows.