The Australian Dollar trades around 0.6570 on Friday. The pair is positioned in a symmetrical triangle pattern, with the 14-day Relative Strength Index (RSI) above the 50-level, indicating a bullish bias.
The AUD/USD pair might test the psychological level of 0.6600, followed by the upper boundary around the level of 0.6630. A breakthrough above this level could lead the pair to explore the region around March’s high of 0.6667.
On the downside, the AUD/USD pair could move toward the nine-day Exponential Moving Average (EMA) at 0.6528, followed by the lower boundary of the symmetrical triangle around the psychological level of 0.6500. A break below the latter could exert pressure on the pair to test the throwback support at the 0.6480 level.
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