• AUD/USD's recent rebound was limited by thick daily cloud resistance

• The daily cloud currently spans the 0.6280-0.6430 region

• Scope for losses sub 2025 0.6089 low, which in turn would unmask 0.6000

• A break above the daily cloud needed to shift the bias back to the upside

• Short at 0.6300. AUD/USD Trader . Previous

Daily Chart:

(Martin Miller is a Reuters market analyst. The views expressed are his own)