The Australian Dollar depreciated about 0.53% against the US Dollar on Tuesday. The decline was stopped by a support level set by the weekly pivot point at 0.7054 at the end of yesterday’s trading session.
Technical indicators flash sell signals on the daily time frame chart. Most likely, the decline of the currency exchange rate could continue during the following trading session.
However, the 100-hour simple moving average at 0.7049 could hinder such decline within this session.
