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AUD/USD technical outlook: AUD/USD traders exhibit resilience, outlook remains hopeful

Wulan Viana
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On the technical side, the AUD/USD pair reflects a degree of volatility with the Relative Strength Index (RSI) wavering around 54, indicating a primarily neutral momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) prints flat green bars, contributing to the neutral to bullish outlook.

Key support levels are detected at 0.6560 and 0.6500, whereas resistance appears near the 0.6640 and 0.6600 regions. The latter represents the 100 and 200-day Simple Moving Average (SMA) convergence, which is acting as strong support in recent sessions


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