The AUD/USD edges lower during the North American session, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA) at 0.7187 and the 50-day SMA at 0.7095. At the time of writing, the pair is trading around 0.7137, down 0.17%.
Cryptocurrencies broadly face headwinds on Friday, reflecting an overall reduction in investor risk appetite. Bitcoin (BTC) preserves $77,000 as a short-term support level but faces increasing pressure, limiting its recovery potential.
Danske Research Team notes that global equities advanced, with several markets near new all-time highs, in a volatile session dominated by macro data and Iran-related headlines.