The Australian dollar showed a strong rally at the start of the week, but it seems to be facing resistance at the 0.6650 level. The currency has been trading within a range of 0.67 and 0.66, with the 50-day EMA and 200-day EMA indicators providing potential support below. Despite this, there doesn’t seem to be enough momentum for the Australian dollar to continue rising. As a result, the currency is likely to continue moving within this range until a clear direction emerges. Investors will be watching for any developments that could drive the Australian dollar higher or lower in the near future.
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