AUD/USD analysis: Remains near 0.7663
|AUD/USD
The Australian Dollar surged by 61 pips or 0.80% against the US Dollar on Tuesday. The AUD/USD currency pair tested a resistance level at the 0.7667 level during Tuesday's trading session.
If the currency exchange rate breaks the resistance line at 0.7663, bullish traders are likely to target the 0.7700 level during the following trading session.
However, if the resistance level as mentioned above holds, a decline towards the weekly pivot point at the 0.7597 area could be expected within Wednesday's trading session.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.