Upside risks dominated the Australian Dollar against the US Dollar on Thursday. As a result, the currency pair appreciated by about 53 basis points during the following trading session.
The exchange rate is currently testing a resistance level formed by the upper boundary of a descending channel pattern at 0.6753.
Given that the AUD/USD pair is trading near the upper band of the descending channel, a breakout could occur within this session.
If the breakout occurs, a resistance cluster at 0.6768 could stop bullish traders from pushing the currency exchange rate higher.
