Technical Analysis: Australian Dollar rises to near 0.6570 before a psychological barrier
The Australian Dollar trades around 0.6570 on Thursday. Key resistance is noted near the psychological level of 0.6600, aligned with the 38.2% Fibonacci retracement level of 0.6606. A break above the latter could support the AUD/USD pair to explore the region around the major level of 0.6650. On the downside, the pair meet the major support at 0.6550 followed by the 21-day Exponential Moving Average (EMA) at 0.6539. A break below this level could prompt the AUD/USD pair to test the psychological level of 0.6500 before the previous week’s low at 0.6486
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