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.
