AUD/USD 

On Monday, the AUD/USD currency pair bounced off a support level at 0.7460. As a result, the Australian Dollar surged by 34 pips or 0.45% against the US Dollar during Monday's trading session.

Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, buyers could pressure the exchange rate higher during the following trading session.

However, the currency exchange rate could encounter resistance at 0.7540 within this session.

AUDUSD

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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