The Australian Dollar traded sideways against the US Dollar during Monday’s trading session.
The currency pair continued trading between the 0.6834/0.6820 zones during the European session on Tuesday.
Technical indicators suggest that the AUD/USD exchange rate will likely trade north within this session. Therefore, a surge towards the 0.6860 area could be expected today.
However, the currency exchange rate might continue to consolidate about the weekly and the monthly PP at 0.6820 until the end of today’s session
