AUD/USD
The Australian Dollar has declined by 64 pips or 0.92% against the US Dollar since yesterday's trading session. The currency pair broke the ascending channel pattern during yesterday's trading session.
All things being equal, the exchange rate is expected to make a pullback towards the 50– and 100– hour simple moving averages at 0.6962 within the following trading session.
However, the currency exchange rate could encounter a resistance level formed by the 200– hour SMA at 0.6936 today.
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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