The Australian Dollar trades around 0.6600 on Monday. The AUD/USD pair consolidates within a symmetrical triangle pattern. Additionally, the 14-day Relative Strength Index (RSI) suggests a bullish inclination as it remains above the 50 level.
Potential movements indicate that the AUD/USD pair may challenge the upper boundary near the swing area at 0.6650. A breakthrough above this level could lead to a retest of March's high at 0.6667, with further upward momentum possibly targeting the psychological threshold of 0.6700.
Conversely, immediate support is foreseen around the 14-day Exponential Moving Average (EMA) at 0.6569. If the pair breaches below this EMA, it might face additional selling pressure, potentially descending towards the region around the lower boundary of the symmetrical triangle, approximately at 0.6465
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