## AUD/USD Maintains Rebound Momentum Supported by Technicals
The AUD/USD traded around 0.6720 during this Friday’s session, marking a correction phase after nearly 15 months of highs. Daily technicals show the currency pair remains in an upward channel, indicating that the bulls still hold control. The 14-day Relative Strength Index (RSI) stands at 64.42, suggesting that buying momentum is still mildly expanding.
From a technical perspective, key resistance above AUD/USD is at 0.6766 (the high since October), with a further breakout potentially reaching the channel’s upper boundary around 0.6
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