The Australian Dollar showed significant gains against the US Dollar on Friday, with the potential to break above the 0.68 level. The buying pressure on the Aussie suggests a breakout is likely, possibly leading to short term pullbacks offering value for investors. The Australian Dollar is influenced by commodity markets, particularly gold and iron prices, as Australia is a major exporter of these goods. Speculation about a potential interest rate cut by the Federal Reserve may also impact the US Dollar. Shorting the Aussie is not advised unless it falls below the 50-day EMA at the crucial 0.6650 level. Keep an eye on economic events with our economic calendar for more insights.