Australia’s Dollar surged by 67 pips or 0.97% against the US Dollar during Friday’s trading session. The currency pair breached the psychological resistance level at 0.7000 on Friday.
The exchange rate is expected to make a pullback towards monthly and the weekly PPs at the 0.6884 area within this session.
However, a support level formed by the 50– hour simple moving average at 0.6952 could provide support for the AUD/USD currency exchange rate during the following trading session.
