AUD/USD battles at 0.66 as range-bound trading persists

AUD/USD is trading near 0.6630, consolidating within a well-defined range between 0.6400-0.6700 as traders await clearer directional signals. The pair successfully defended crucial support at 0.6617 and the 0.66247-0.6635 swing area, maintaining a modestly bullish short-term bias. This defense prevented what could have been a failed breakout pattern, keeping buyers in control for now. The persistent two-way price action reflects ongoing market uncertainty and lack of conviction from either bulls or bears. Technical indicators suggest the pair remains trapped in this volatile pattern, with immediate resistance at the 0.6700 range high. A decisive break above this level could trigger momentum buying toward 0.6750, while failure to hold above the 0.6617 support zone would likely accelerate corrective downside toward 0.6500. Traders should monitor these key levels closely as a breakout in either direction could establish the next medium-term trend.