AUD/USD

The Australian Dollar surged by 39 basis points or 0.54% against the US Dollar on Wednesday. The 50– hour simple moving average provided support for the currency pair during Wednesday's trading session.

Technical indicators flash buying signals on all time-frame charts. Therefore, the exchange rate could continue to surge in an ascending channel pattern within this session.

However, the currency exchange rate could make a retracement towards the 200– hour simple moving average at 0.7114 today.

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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