Technical Analysis: 0.6560/70 becomes the tough nut to crack for AUDUSD buyers

AUDUSD again reverses from 0.6560/70 area comprising late-April highs. In addition to the pair's multiple failures, three so far, nearly overbought conditions of RSI also increases the odds of a pullback towards 0.6500 mark. Though, 0.6470, 0.6400 and 61.8% Fibonacci retracement around 0.6375/7 could keep the bears in check below 0.6500.

Meanwhile, a successful break above 0.6570 can quickly propel the Aussie pair towards 0.6600 mark while targeting 200-day EMA figures around 0.6625. In a case bulls manage to keep the helm beyond the key EMA, March month top close to 0.6685 will be on their radars.

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