Raising market sentiment also supported high -back currencies such as the Australian and New Zealand dollars back to the end of the week.
Meanwhile, the US dollar shrugged in the positive market sentiment as the US NFP ADP Job Data Report was published in a New York session yesterday recorded declining reading.
Giving an initial signal for the NFP reports that are likely to decline, investors are beginning to release US dollar holdings while reducing the profits made on Wednesday.
Prices on the AUD/USD currency pair chart showed a significant spike yesterday with a daily increase of about 120 pips.
After horizontal at 0.71600, the price signals the bullish again after the price moves above the Moving Average 50 (MA50) support level at the 1 hour frame.
The increase in the New York session later penetrated the 0.72300 resistance zone and recorded the latest height within 6 weeks.
The latest height of the Asian session today (Friday) has reached 0.72800 with slower and horizontal price movements under the zone while investors are increasingly awaiting the NFP report.
The next higher increase is expected to target up to a height of 0.74000 for prices to test the zone that focused on March and April trading.
However, in the event of a reduction in price, the 0.72300 zone will be tested and if the zone successfully supports the hike, the price will connect the bullish pattern.
If the zone is penetrated and the price is lower, the price is seen to re -test the 0.71800 zone and lower the RBS (Resistance become Support) zone at 0.71000.
Tonight's NFP job report will determine the direction of the next price movement and make investors more vigilant.
