Technical Analysis: Australian Dollar hovers above the psychological level of 0.6500

The Australian Dollar trades around 0.6510 on Thursday. The pair is hovering above the lower boundary of a symmetrical triangle pattern. A further gain could lead to a neutral sentiment, with the pair potentially targeting the psychological level of 0.6600 and aiming for the upper boundary of the triangle near 0.6639.

On the downside, immediate support is expected around the psychological level of 0.6500. A break below this level may lead to further downside momentum, with the next significant support region around 0.6456. The AUD/USD pair may find further support at April’s low of 0.6362.

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