Bullish sentiment dominated the Australian Dollar versus the US Dollar on Wednesday. The currency pair gained about 1.72% of its values during Wednesday’s trading session.
The bullish momentum could continue within this session. The upside target for the currency exchange rate will be near the upper boundary of a junior ascending channel pattern at 0.7292.
The AUD/USD exchange rate could make a pullback south from the monthly resistance level at 0.7292 during the following trading session.
In the meantime, technical indicators flash bullish signals on the 4(H) time frame.
