AUD/USD fell to 0.6343 Monday but buyers emerged, pair neared flat

Buying drove AUD/USD above the 10-DMA & a daily bull hammer formed

Monthly bull hammer in place as pair neared the 76.4% Fib of 0.6170-0.7158

Oct 6 high, 21-DMA are resistance, breaks may trigger weak stop loss buys

55-DMA, daily cloud base, 0.6500/35 in focus if stop loss buys ensue

A break above 0.6500/35 is likely to lead to a much bigger short squeeze

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