Technical Analysis: Australian Dollar extends gains to near 0.6630
The Australian Dollar trades near 0.6630 on Thursday. Major resistance appears at the level of 0.6650, followed by the previous week’s high of 0.6667. A breakthrough above the latter could provide further momentum for the pair to challenge the psychological barrier of the 0.6700 level. On the downside, the AUD/USD pair could find immediate support at the 23.6% Fibonacci retracement of 0.6614 level, followed by the psychological level of 0.6600. and the nine-day Exponential Moving Average (EMA) at 0.6595. Further support lies at the 38.2% Fibonacci retracement level of 0.6581
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