Technical Analysis: Australian Dollar rises to near 0.6530; next barrier at 21-day EMA
The Australian Dollar hovers near 0.6530 on Monday. Immediate resistance is observed near the 21-day Exponential Moving Average (EMA) at 0.6546, coinciding with a major barrier at 0.6550. A breach above this level could lead the AUD/USD pair to surpass the 38.2% Fibonacci retracement level of 0.6554, potentially leading towards the psychological level of 0.6600. On the downside, notable support lies at the psychological threshold of 0.6500, followed by March’s low at 0.6477
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