The Australian Dollar trades around 0.6680 on Monday. According to daily chart analysis, the AUD/USD pair is moving upwards within the ascending channel, which suggests a bullish bias. Additionally, the 14-day Relative Strength Index (RSI) is climbing toward the 70 mark, reinforcing the current bullish momentum.
On the upside, the AUD/USD pair could aim for the area near the upper boundary of the ascending channel at the 0.6740 level. A breakout above the ascending channel could push the pair toward its seven-month high of 0.6798, which was reached on July 11.
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