AUD/USD ends sideways trading

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The AUD/USD currency exchange rate has ended trading sideways and passed above the March high level zone near 0.7440. During the first half of Wednesday's trading hours, the pair was fluctuating almost sideways in the 0.7450/0.7480 range.

If the pair surges, it would most likely encounter resistance in the weekly R1 simple pivot point at 0.7497 and the 0.7500 mark. Higher above, note the 0.7550 mark and the 2021 October high level at 0.7555.

A decline of the Australian Dollar against the USD might look for support in the 0.7420/0.7440 range, where the previous high level zones are located at. In addition, take into account the approaching 50-hour simple moving average near 0.7430.
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