The Australian dollar has broken through a significant resistance level, climbing above 0.6540 and surpassing its 100-day moving average of 0.65316. This move suggests a continuation of bullish momentum, with attention now on resistance levels at 0.6551 and 0.6561–0.6564. A drop below 0.6540 could challenge this upward trend.
In contrast, the USD/CAD pair has fallen below the 1.3968–1.3975 support range, approaching the 50% retracement level at 1.39367, indicating potential further declines.
AUD/USD Surges Above 0.6540, Breaches 100-Day Moving Average
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