Intraday view: On Thursday, the AUD/USD pair rebounded strongly, reaching a high of 0.6905. This strong rebound led to a small increase in upside momentum. Today, we expect the AUD/USD pair to rise slightly, but it is unlikely to be able to break through 0.6930. Support is at 0.6875; a break below 0.6840 would mean that the current slight upward pressure has eased. 1-3 Week View: Despite the gains, the upside momentum has not increased enough to indicate that the AUD/USD pair is ready for a sustained rise. Note that the AUD/USD pair must break and hold above 0.6930 before it can expect a rise to 0.6980. As long as the AUD/USD pair remains above 0.6820, it still has a clear chance of breaking through 0.6930.