Wed, Jun 23, 2021 @ 01:27 GMT
HomeContributorsTechnical AnalysisAUD/USD Trades At 0.6807

AUD/USD Trades At 0.6807

The Australian Dollar has depreciated about 0.52% in value against the US Dollar since yesterday’s trading session. The currency pair breached the 50– and 100– hour SMAs on Monday.

Currently, the AUD/USD exchange rate is testing a resistance cluster formed by the 50– and 100– hour simple moving averages at 0.6807.

If the currency exchange rate breaks the cluster, a surge towards the 0.6835 could be expected today.

However, if the resistance cluster holds, bearish traders could continue to drive the price lower within this session.

Dukascopy Swiss FX Group
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.

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