Upside risks dominated the Australian Dollar versus the US Dollar on Wednesday. The currency pair has gained about 1.58% in value since Wednesday’s trading session.
Most likely, downside sentiment might be introduced in the market within this session. The possible targets for bearish traders will be near a support cluster formed by the combination of the 50– and 100-hour SMAs at 0.7105.
However, technical indicators suggest otherwise on the 4(H) chart. The sentiment demonstrates that the surge could continue during the following trading session.
