Upside risks have dominated the Australian Dollar against the US Dollar since yesterday’s trading session. The currency pair has appreciated about 1.25% in value since Thursday’s trading session.
All things being equal, bearish traders might drive the AUD/USD exchange rate towards a support cluster formed by the 50-, 100– and 200– hour SMAs at 0.6835 within this session.
However, the currency exchange rate could continue its upward movement from the support level at 0.687 during the following trading session.
