AUDUSD H1: Bullish outlook seen, further upside above 0.6390

On the H1 time frame, prices are testing the support zone at 0.6390, in line with the Fibonacci confluence levels where we could see further upside to the resistance zone at 0.6480. The 0.6480 resistance zone coincides with the graphical resistance and 78.6% Fibonacci retracement. Stochastic is bouncing off the support at 8.24 support as well and seeing a bullish divergence as highlighted in green, supporting the bullish bias.