During the Asian session, the AUD/USD pair is trading at 0.6530, developing a strong “bullish” trend in the short term and renewing the highs of April 12 against macroeconomic statistics.

Growth is possible.

On the daily chart, the upward third wave of the higher level (3) forms, within which a downward correction ended as the second wave 2 of (3), and the wave 3 of (3) develops. Now, the first wave of the lower level i of 3 has formed, a local correction has developed as the second wave ii of 3, and the wave iii of 3 has started. If the assumption is correct, the AUD/USD pair will grow to the area of 0.6665–0.6870. In this scenario, critical stop loss level is 0.6360.

The AUD/USD pair is moving within the medium-term downward trend, correcting upward with the support of the macroeconomic statistics.

The AUD/USD pair shows weak growth, developing the "bullish" momentum formed the day before. The instrument is testing 0.6450 for a breakout, updating local highs from April 15 and receiving support from macroeconomic data.

After an eight-day decline, the AUD/USD pair adjusted to the nearest resistance level of 0.6450, but further growth is likely to be limited.