Sun, Feb 28, 2021 @ 15:55 GMT
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AUD/USD Bullish Run Could Continue

Upside risks dominated the Australian Dollar against the US Dollar on Friday. As a result, the AUD/USD currency surged by 110 pips or 1.42% during Friday’s trading session.

All things being equal, the exchange rate is likely to continue to trend bullish during the following trading session. A breakout through the upper line of an ascending channel pattern could occur.

However, the currency exchange rate might make a brief retracement towards the weekly pivot point at 0.7822 before making the upside move.

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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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