Mon, 07 Mar 2022 10:21:03 GMT
AUD/USD surge beats expectations
On Monday morning, the Australian Dollar beat the bullish expectations, as the AUD/USD pair broke the channel up pattern, which guided it last week, to the upside. Namely, the rate surged earlier than forecast.
If the pair continues to move higher, the pair might find resistance in the 0.7450 mark. Above the round exchange rate level, the weekly R1 simple