During the first half of Friday’s trading session, the Australian Dollar surged by 0.51% against the US Dollar. However, the currency pair erased the earlier gains at the end of the day.
Given that the exchange rate has bounced off a support level formed by the 50– hour simple moving average at 0.7305, bullish traders could drive the AUD/USD pair higher during the following trading session.
But, the resistance level at 0.7327 could provide resistance for the currency exchange rate within this session.
