AUDUSD Analysis: Weekly sell signals
|AUDUSD
Downside risks dominated the AUD/USD exchange rate on Friday, as it fell 1.24% by the end of the session. The 55-hour simple moving average guided the currency pair lower during the previous trading day.
Technical indicators flash bearish signals, suggesting that this decline could continue today. However, it is unlikely that significant bearish pressure is put on the pair, especially if no critical macroeconomic data releases are scheduled today.
Meanwhile, the economic calendar shows no influential fundamental releases that could change the overall position of the currency exchange rate during the following trading session.
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