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Technical Analysis: Australian Dollar hovers above the psychological level of 0.6600

guntur360
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The Australian Dollar trades around 0.6610 on Friday. The AUD/USD pair is consolidating within a symmetrical triangle pattern, with the 14-day Relative Strength Index (RSI) indicating a bullish bias by hovering above the 50-level.

The AUD/USD pair could test the upper boundary around the swing area at the level of 0.6650. A break above this level may lead the pair to retest March’s high of 0.6667, with further upside potential toward the psychological level of 0.6700.


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