No significant changes were introduced to the AUD/USD exchange rate positioning on Wednesday, as the pair remained trading inside the one-week junior descending channel. The situation, however, remained the same on Thursday, as the price continued to bounce between the upper and lower borders of Monday’s trading range of 0.7273/0.7200.
Given that the AUD/USD currency exchange rate has moved near the 0.7257 mark, a breakout from the trading range is likely to occur during the following trading session. Furthermore, technical indicators support bearish momentum is expected to continue today.
