Upside risks dominated the Australian Dollar against the US Dollar on Thursday. As a result, the currency pair surged by 82 basis points or 1.09% during yesterday’s trading session.
All things being equal, the exchange rate could continue to trend bullish during the following trading session. A breakout through the upper line of an ascending channel pattern could occur.
However, the weekly R3 at 0.7578 could provide resistance for the AUD/USD currency exchange rate within this session.
