AUD/USD Bulls Capped by Critical Resistance Australian Dollar / U.S. DollarFOREXCOM:AUDUSDFOREXcomAussie is trading into a critical resistance range into the start of the week at 6511/50- a region defined by the July close low and the 61.8% retracement of the 2024 decline. Note that the 75% parallel converges on this threshold this week – looking for possible inflection here with the near-term rally vulnerable while below. A topside breach exposes a potential run towards the upper parallel / September low at 66222 and the 2019 low at 6670. Initial support rests with 52-week moving average and is backed by the February high-week close (HWC) at 6357. A break / close below the low-week close (LWC) / 38.2% retracement of the yearly range at 6290-6300 is needed to mark resumption of the broader downtrend. -MB