AUSUSD M30: Bullish outlook seen, further upside above 0.6600

On the M30 timeframe, prices are ranging between two key levels, 0.6600 and 0.6580. A break above the resistance zone at 0.6600, which is in line with the 38.2% Fibonacci extension, could provide the bullish acceleration to the next resistance zone at 0.6650. Failure to break above 0.6600 could see price fall further to the next support zone at 0.6520. Stochastics are in the oversold region below 20, supporting our bullish bias.