Technical Analysis: Australian Dollar remains below the major barrier of 0.6450
The Australian Dollar trades around 0.6440 on Monday. The AUD/USD pair remains below the major support region around 0.6456, along with the 14-day Relative Strength Index (RSI) remaining below the 50 level, suggesting a bearish sentiment. Notable support is identified at the psychological level of 0.6400. A break below the latter could put pressure on the AUD/USD pair to revisit the previous week’s low of 0.6362, followed by the major level of 0.6350.
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