The downside risk dominated the price movement on Thursday and thus sent the Aussie to decline further against the Greenback. As a result, the rate breached both the 55– and 100– hours SMAs.
During the European trading session on Friday, the AUD/USD exchange rate remained relatively calm and was gradually moving south.
Technical indicators favour bears to continue their dominance over the currency pair until it finds support set by the combination of the weekly and the monthly pivot points near 0.7658.
During the European trading session on Friday, the AUD/USD exchange rate remained relatively calm and was gradually moving south.
Technical indicators favour bears to continue their dominance over the currency pair until it finds support set by the combination of the weekly and the monthly pivot points near 0.7658.