The Australian Dollar versus the US Dollar bounced off from the weekly pivot point at 0.7403 during the Asian session on Wednesday. As a result, the currency pair surged by 48 pips or 0.64%.
Everything being equal, the AUD/USD exchange rate could continue to edge higher during the following trading session. Bullish traders are likely to target the 0.7480 level today.
However, the weekly resistance level at 0.7468 could provide resistance for the currency exchange rate within this session.
