During today’s afternoon
trading hours we witnessed slight weakness in the US dollar. AUD/USD pair
slowly moved upwards and reached the intraday high at 0.7486, but couldn’t
cross over the 0.7500 mark. The pair is currently seen in consolidation, still staying
aside of the weekly low, having in mind that yesterday dropped with around 100
pips.
From the time of late trading hours the AUD/USD is hovering within a tight range. The pair is stuck
between support, located at 0.74416 and the resistance, located at 0.7500. Consolidation
is still in pace, close to the 20-day moving average.
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