HomeContributorsTechnical AnalysisAUD/USD Buy Signals Today

AUD/USD Buy Signals Today

The Australian Dollar traded sideways against the US Dollar on Friday. The 50-, 100– and 200-hour SMAs provided support for the currency pair at 0.6776 during Friday’s trading session.

Everything being equal, it is likely, that the AUD/USD exchange rate might continue to trade sideways movement within this session.

However, technical indicators suggest buying signals on the 4(H) time-frame chart. Therefore, upside risks might prevail in the market during the following trading session.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading