AUD/USD Price Analysis: Upside above 0.6700 seems likely as RBA remains hawkish on interest rate guidance

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• AUD/USD is facing barricades in extending its rally above 0.6700, however, the upside bias is still solid.
• Offers for the USD Index soared dramatically as investors are anticipating a pause in the policy-tightening spell by the Fed.
• AUD/USD is auctioning in a Rising Channel in which each corrective move is considered a buying opportunity.

The AUD/USD pair is struggling in stretching its rally above the round-level resistance of 0.6700 in the early New York session. The Aussie asset is expected to climb above the aforementioned resistance confidently as the Reserve Bank of Australia (RBA) has opened room for further interest rate hikes to arrest stubborn Australian inflation.