The Australian Dollar traded sideways movement against the US Dollar on Wednesday. The currency pair was moving within a trading range of 0.7077 and 0.7032 during the previous trading session.
Technical indicators suggest that the AUD/USD currency pair will continue its southern movement within this session. If the technical signals are right, the currency exchange rate is likely to dash through the one-week trading range during the following hours.
The possible downside targets will be near a support cluster formed by the weekly and the monthly PPs at 0.6980.
