The Australian Dollar has been appreciating gradually against the US Dollar since July 10. The currency pair bounced off from the bottom border of a narrow ascending channel at 0.6911 on July 10 and had since gained about 1.83% in value during the short period.
Most likely, the AUD/USD exchange rate will maintain the narrow ascending channel pattern today.
The currency exchange rate might aim for a swing high at 0.7046 within this session, and thereafter, makes a brief retracement during the following trading session
