The Australian Dollar trades around 0.6530 on Tuesday followed by psychological support at 0.6500. A break below this psychological support could put prompt the AUD/USD pair to navigate the area around the major support of 0.6450 level and the February’s low at 0.6442. On the upside, the immediate resistance zone appears at the 23.6% Fibonacci retracement at 0.6543 and the major level of 0.6550. A break above the 50-day Exponential Moving Average (EMA) at 0.6572 could lead the pair to test the further resistance zone around the psychological level of 0.6600 and 38.2% Fibonacci retracement at 0.6606.
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