AUD/USD set for more gains
|As it was expected, the Australian Dollar continued to rally against the US Dollar. By the end of the US trading session on Monday, the pair broke the resistance of the weekly pivot point at the 0.7843 mark.
However, by the middle of Tuesday's trading session, the Aussie had retreated south to re-test the weekly PP.
The currency exchange rate is likely to continue trading in the ascending channel during the following trading sessions.
Interested in AUDUSD technicals? Check out the key levels
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