The 50– hour simple moving average guided the Australian Dollar versus the US Dollar on Friday.
All things being equal, the AUD/USD exchange rate will likely continue to edge higher in the ascending channel pattern within this session. The possible target for bullish traders would be at the 0.6960 area.
On the other hand, the currency pair might reverse from the current price level at 0.6918 and aim for a support cluster formed by the weekly pivot point and the 100– hour SMA at 0.6887 today.
