FXstreet.com (Barcelona) - The Australian dollar has remained trading in a narrow range below 0.6535/50 resistance level, 61.8% retracement level of the decline from 0.6850 to 0.6285.

According to the E- Forex Technical Team, above the mentioned resistance level, the pair could open to 0.6850: A potential break of the said barrier should open .6850, February's high. Support is now formed at .6550 backed by .6500 and .6430. Daily sentiment is bullish and will remain intact while support at .6500 holds. Intra-day momentum is neutral at the time of this writing.