AUD/USD analysis: Tests resistance at 0.7765
|AUD/USD
The Australian Dollar rose by 36 pips or 0.47% against the US Dollar on Thursday. The AUD/USD currency pair tested the resistance level at 0.7765 during Thursday's trading session.
If the exchange rate breaks the resistance level at 0.7765, a surge towards the weekly resistance line at 0.7791 could be expected today.
However, if the resistance line at 0.7765 holds, bearish traders are likely to pressure the currency exchange rate lower towards the weekly S1 at 0.7664 within the following 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.