The Australian Dollar traded with low volatility against the US Dollar on Thursday. The currency pair appreciated about 0.41% in value during yesterday’s trading session.
Today’s trading session began with bullish sentiment, and by the middle of the trading session, the exchange rate has breached the upper boundary of a downtrend channel at 0.7126.
As for the near future, it is likely that the currency exchange rate continues its upside movement. The potential upside targets in the next 24 hours will be near the weekly R1 at 0.7143.
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