AUD/USD: A Tale of Two Currencies

The Australian dollar (AUD) and the United States dollar (USD) are two of the most traded currencies in the world.
AUD has strengthened against the USD by 0.97% over the past 24 hours.
The pair has been in a downtrend since early July, but has recently found support around the 0.6800 level.
The AUD/USD pair has been range-bound between 0.6800 and 0.6900 for the past few weeks. However, the recent strength in the AUD suggests that the bulls may be in control.
If the AUD/USD pair can break above 0.6900, it could open the door for a move towards 0.7000. However, if the pair falls below 0.6800, it could retest the lows of 0.6700.
The AUD/USD pair is likely to be influenced by a number of factors in the coming weeks, including:

The release of economic data from Australia and the United States.
The outcome of the US presidential election
The global economic outlook

The AUD/USD pair is a popular currency pair to trade, and it can be a profitable one if you are able to identify the trend and make the right trades.