The Australian Dollar trades around 0.6740 on Monday. The analysis of the daily chart shows that the AUD/USD pair breaks below a rising wedge, indicating a potential bearish reversal. Additionally, the 14-day Relative Strength Index (RSI) consolidates slightly below the 70 level. A downward move in the RSI would suggest the asset may undergo a correction.
The AUD/USD pair is likely to test the lower boundary of the rising wedge around 0.6755, followed by the psychological level of 0.6800 near the upper boundary of the wedge
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