The Australian Dollar appreciated about 37 basis points against the US Dollar on Monday.
The exchange rate is currently testing a support level formed by the 50– hour simple moving average at 0.6853.
If the support level holds, the AUD/USD currency pair will continue its upward swing within this session.
On the other hand, if the currency exchange rate passes the 50– hour SMA, the next target for bearish traders would be at the 100- hour SMA at 0.6828.
