AUD/USD in a strong intraday bullish bias

The AUD/USD has consolidated in bullish bias due to the positive reading of retail sales in Australia last month (1.2% vs 0.5%).

Now, the aussie is forming a bullish pattern above the support level of 0.9008. The nearest resistance is located at 0.9032 level. If the pair manages to make a breakout at that level, the next target would be the resistance level of 0.9068. On the other hand, if this pair makes a breakout in the support level of 0.9008, next target would be the pivot point in the level of 0.8972, which is close to the 200 SMA.

The MACD indicator remains in positive territory, so the bullish outlook still alive in the AUD/USD.

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