The Australian Dollar declined by 38 basis points or 0.52% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average at the 0.7288 area.
Technical indicators suggest buying signals on the 4H time-frame chart. Therefore, the exchange rate could edge higher within this session. Bullish traders are likely to target the 0.7360 level.
However, the weekly resistance level at 0.73354 could provide resistance for the AUD/USD currency exchange rate during the following trading session.
