AUDUSD Falls From 0.78150

The Australian dollar gained traction over recent weeks, however, on Friday. Earlier on Thursday, the pair consolidated around the key level 0.77700. A triple top on the Hourly chart gave an earlier indicator that the pair may have been losing strength. As of Friday’s close, the pair has broken past the key support level of 0.77200.

The pair may continue to be bearish as it trades below 0.77200.