AUD/USD Forecast – Australian Dollar Rallies Into The Weekend

The Australian Dollar versus the US Dollar is experiencing some technical analysis. The Australian dollar recently tested the 50-day EMA before showing signs of strength. However, the market is expected to be volatile with a lot of back and forth movement. Traders are currently trying to determine factors such as global growth, potential changes in Federal Reserve policy, and the performance of commodities. The market seems to be stuck in a range as participants analyze these variables. If the market breaks out of its current range, there could be potential for further movement. As of now, there is not enough momentum to warrant excitement in the market.