Upside risks pressured the Australian Dollar against the US Dollar on Friday. As a result, the AUD/USD exchange rate surged by 92 pips or 1.20% during Friday’s trading session.
Technical indicators suggest selling signals on the daily time-frame chart. Most likely, the currency pair could make a retracement towards the 50– hour simple moving average at 0.7699 today.
However, the weekly pivot point at 0.7718 could provide support for the currency exchange rate within this session.
