The AUD/USD currency pair maintained the narrow ascending channel pattern during yesterday’s trading session. The Australian Dollar edged higher by 45 basis points or 0.69% in value on Wednesday.
As for the near future, the exchange rate will most likely continue to trade in the narrow ascending channel pattern. The possible target will be at the monthly R1 at 0.6708.
Although, the currency exchange rate is expected to make a brief downside retracement within this session
