The Australian Dollar versus the US Dollar traded with low volume on Friday. The currency pair breached the 50– hour simple moving average support level at 0.7413 during the Asian session on Monday.
Everything being equal, the exchange rate could target the support line formed by the 200– hour SMA at 0.7342 within this session.
However, technical indicators suggest that the AUD/USD currency exchange rate might edge higher during the following trading session.
