AUD/USD Analysis: Supported by 50-hour SMA
|AUD/USD
The Australian Dollar maintained an ascending channel pattern against the US Dollar on Tuesday. The 50-hour simple moving average provided support for the currency pair at 0.6968 during yesterday's trading session.
to maintain the channel pattern today. The potential upside target will be near the upper boundary at 0.70.
Furthermore, technical indicators demonstrate that bulls will continue their dominance in the market during the following trading session.
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