The Australian Dollar (AUD) extends its losing streak for the fifth successive session on Friday.
The Australia n Dollar depreciates for the fifth consecutive session on Friday. The downside for AUD may be limited due to a potential interest rate hike by the RBA. The US Dollar may struggle as soft labor data strengthens expectations of a Fed rate cut in September. The Australia n Dollar extends its losing streak for the fifth successive session on Friday. This decline in the AUD/USD pair can be attributed to the strengthening of the US Dollar due to increased risk aversion.
On the upside, the AUD/USD pair might test the lower boundary of the ascending channel near the nine-day Exponential Moving Average at 0.6726. A return into the ascending channel could bolster the bullish bias and potentially drive the pair to 0.6800 before the upper boundary of the channel at 0.6840. AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today.
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