The Australian Dollar declined by 67 pips or 0.87% against the US Dollar on Friday. The 100– hour simple moving average pressured the currency pair lower during Friday’s trading session.
As for the near future, the AUD/USD exchange rate could continue to edge lower during the following trading session. The potential target for bearish traders would be near the 0.7580 level.
However, the 50– hour SMA at 0.7650 could provide support for the currency exchange rate in the short term.
