Dukascopy Bank Team
Dukascopy Bank SA
AUD/USD
Upside risks pressured the Australian Dollar against the US Dollar on Friday. As a result, the AUD/USD exchange rate surged by 92 pips or 1.20% during Friday's trading session.
Technical indicators suggest selling signals on the daily time-frame chart. Most likely, the currency pair could make a retracement towards the 50– hour simple moving average at 0.7699 today.
However, the weekly pivot point at 0.7718 could provide support for the currency exchange rate within this session.
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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