AUD/USD tests breakout as major FX pairs consolidate in quiet trading

Major currency pairs showed minimal movement during today's Asian and early European sessions, with traders focused on AUD/USD's attempt to sustain yesterday's upside breakout. The Australian dollar is testing key resistance levels after breaking above its recent trading range, though follow-through buying remains limited. EUR/USD hovers near 1.0950, GBP/USD sits around 1.2850, while USD/JPY consolidates near 153.50. The subdued price action reflects a wait-and-see approach as markets digest recent developments and await fresh catalysts. Technical analysis shows AUD/USD facing immediate resistance at 0.6580, with a successful hold above this level potentially opening the path to 0.6620. Support rests at 0.6540, yesterday's breakout point. The lack of significant economic data releases today has kept volatility low across major pairs, with traders monitoring risk sentiment and commodity prices for directional cues.