The Australian Dollar has declined by 0.62% in value against the US Dollar since yesterday’s trading session. The currency pair breached the weekly S1 at 0.6849 during the first part of Tuesday’s session.
The exchange rate will most likely continue to decline within the following trading session. The potential target will be near a support level formed by the weekly S2 at 0.6827.
However, the currency exchange rate might make an upside reversal from the weekly S1 at 0.6849 during the following trading session
