The Australian Dollar continued its upward movement against the US Dollar on Tuesday. The AUD/USD currency pair appreciated about 30 basis points during Tuesday’s trading session. The pair breached a resistance cluster at 0.6866 during the early trading hours on Wednesday.
Technical indicators flash buy signals on both the smaller and larger time frame charts. Therefore, the exchange rate will most likely continue to edge up within this trading session.
Moreover, given that the currency exchange rate has breached the resistance cluster at 0.6866, a surge towards a psychological level at 0.6900.
