Singapore
2020-08-06 15:29
Market analysisAUD/USD Outlook (06 August 2020)
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Market analysis:
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended into the resistance zone of 0.72000
The Reserve Bank of Australia will be releasing the minutes for the recent monetary policy meeting tomorrow at 0930 (SGT).
Currently, AUD/USD is testing 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.
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AUD/USD Outlook (06 August 2020)
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended into the resistance zone of 0.72000
The Reserve Bank of Australia will be releasing the minutes for the recent monetary policy meeting tomorrow at 0930 (SGT).
Currently, AUD/USD is testing 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.
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