Technical Analysis: Australian Dollar hovers below the psychological level at 0.6600
The Australian Dollar traded near 0.6590 on Wednesday followed by the immediate psychological resistance level at 0.6600. A break above the barrier could push the AUD/USD pair to approach the major level at 0.6650 following the 14-day Exponential Moving Average (EMA) at 0.6680 and the psychological level at 0.6700. On the downside, the 50% retracement level at 0.6566 could act as a key support level followed by the major support at 0.6550. #forextrader #forexnews #forexsignals #forexlifestyle #forexmarket
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