AUD/USD Analysis: Tests 200– hour SMA

AUD/USD

As predicted on, the Australian Dollar versus the US Dollar tested a resistance level formed by the 200– hour simple moving average at 0.6810 during Thursday's trading session. The currency pair appreciated about 0.88% in value during the previous session.

If the resistance level formed by the 200– period SMA holds, the AUD/USDexchange rate will make a brief retracement towards the 0.6759 regions within this session.

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Technical indicators demonstrate that the currency exchange rate might finish this week's trading session on the decline.