The Australian Dollar has continued its southern journey against the US Dollar in a descending channel pattern.
Everything being equal, it is likely that bearish traders could drive the currency exchange rate down towards a support cluster formed by the combination of the weekly and the monthly PPs at 0.7144.
However, it is important to know that the US macroeconomic data releases schedule at 12:30 GMT could play a significant roll in the overall positioning of the AUD/USD currency pair within this session.
Interested in AUDUSD technicals? Check out the key levels
- R3 0.736
- R2 0.7318
- R1 0.7277
- PP 0.7234
- S1 0.7194
- S2 0.7151
- S3 0.7111
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