AUD/USD Range Trading: Key Support and Resistance Levels Identified

AUD/USD continues to trade within a well-defined range, providing traders with clear tactical opportunities for range-based strategies. The pair has been oscillating between key support at 0.6650 and resistance at 0.6750, reflecting balanced market forces amid mixed global economic signals. Technical indicators suggest the range remains intact, with RSI hovering near neutral territory at 48. The Australian dollar's performance against major crosses including EUR/AUD and GBP/AUD indicates relative stability, while the US Dollar Index shows consolidation around 103.50. Traders are monitoring upcoming Australian inflation data and Federal Reserve commentary for potential range breakout catalysts. The current setup favors range trading strategies with tight stops beyond established boundaries. A decisive break above 0.6750 could target 0.6800, while failure below 0.6650 might expose 0.6600 psychological support.