The Australian dollar finds support from upbeat RBA meeting minutes. A break above 0.6790 has prompted some sellers to cover their bets, easing the downward pressure for now. The former resistance has turned into a support. 0.6870 is a congestion area as it coincides with the 30-day moving average. The bears may look to fade the rebound as the RSI inches into the overbought zone. However, a bullish breakout could trigger an extended rally towards 0.6960 and pave the way for a potential recovery in the days to come.
