Technical Analysis: Australian holds position above psychological level of 0.6500
The Australian Dollar hovers around 0.6510 on Wednesday. Immediate support is seen around the psychological level of 0.6500. A breach beneath this mark may lead the AUD/USD pair towards the vicinity of March’s low at 0.6477 and the significant level of 0.6450. Conversely, key resistance is noted at the 23.6% Fibonacci retracement level of 0.6525, followed by the 14-day Exponential Moving Average (EMA) at 0.6530. Additional resistance is situated at the major level of 0.6550
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