2020-08-05 17:27
Market analysisAUD/USD Outlook (05 August 2020)
Related product：
Forex,Others,Others,Others,Others,Others
Market analysis：
Overall, AUD/USD is trending upwards.
Yesterday, the Reserve Bank of Australia (RBA) held interest rates unchanged at 0.25%. The central bank announced that it will be begin to purchase Australian Government Securities (AGS) in the secondary market from today to ensure the consistency of the yield on 3-year bond. In response to the recent resurgence of COVID-19 in Victoria, the RBA highlighted that recovery of the Australian economy will be “uneven and bumpy”.
Currently, AUD/USD is moving towards the resistance zone of 0.72000 and the next support zone is at 0.69800.
Look for short-term selling opportunities of AUD/USD if it bounces off the resistance zone of 0.72000.
Like 0
Jin_Forex
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
AUD/USD Outlook (05 August 2020)
Singapore | 2020-08-05 17:27Overall, AUD/USD is trending upwards.
Yesterday, the Reserve Bank of Australia (RBA) held interest rates unchanged at 0.25%. The central bank announced that it will be begin to purchase Australian Government Securities (AGS) in the secondary market from today to ensure the consistency of the yield on 3-year bond. In response to the recent resurgence of COVID-19 in Victoria, the RBA highlighted that recovery of the Australian economy will be “uneven and bumpy”.
Currently, AUD/USD is moving towards the resistance zone of 0.72000 and the next support zone is at 0.69800.
Look for short-term selling opportunities of AUD/USD if it bounces off the resistance zone of 0.72000.
Forex
Others
Others
Others
Others
Others
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.