Upside sentiment dominated the Australian Dollar versus the US Dollar on Monday. The exchange rate appreciated about 0.59% in value during yesterday’s trading session.
Today’s trading session began with bullish momentum. By the middle of the European session, the currency pair has gained further 0.36%.
Given that a breakout had occurred, it is likely that the AUD/USD currency pair will continue its upward momentum within this session.
However, a resistance level at 0.7143 could pressure the currency exchange rate down during the following trading hours.
