AUD/USD Price Analysis: Likely test Ascending Triangle’s breakdown near 0.6520

The AUD/USD pair finds support slightly below the psychological support of 0.6500 in the early American session on Thursday. The Aussie asset discovers some buying interest as the US Dollar retreats after refreshing six-week high.

Sentiment is: Positive

Technical Analysis

AUD/USD is once again retesting a key horizontal support level at 0.6504. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Important price line breached by AUD/USD

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