AUD/USD

Bullish momentum has continued to dominate the Australian Dollar against the US Dollar on Thursday. The currency pair hit November 5th high level at 0.6936 during yesterday's trading session.

As for the near future, the AUD/USD exchange rate could make a brief retracement down towards a support cluster formed by the weekly R1 and the monthly R1 at the 0.6881 zones.

The currency exchange rate will most likely continue its bullish movement from the given support level, as mentioned earlier, during the following trading 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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