The AUD/USD currency pair declined by 50 basis points or 0.67% during the first half of yesterday’s trading session. However, the Aussie regained the lost positions at the end of the day.
The Australian Dollar could gain momentum against the US Dollar during the following trading session. Bullish traders might target the resistance level at the 0.7780 area.
Although, a resistance cluster formed by the 50– and 200– hour SMAs and the weekly pivot point near the 0.7740 level could provide resistance for the currency exchange rate within this session.
