2020-08-20 16:43
Market analysisAUD/USD Outlook (20 August 2020)
Related product：
Forex,Others,Others,Others,Others,Others
Market analysis：
Overall, AUD/USD is ranging across. Recently, AUD/USD trended lower and broke below the key level of 0.72 after the release of the dovish FOMC meeting minutes, causing a strong sell-off in the stock and bond markets, thus pushing the USD higher.
The Australian flash PMI will be released tomorrow at 0700 (SGT).
-Flash Manufacturing PMI (Forecast: NA, Previous: 54.0 revised from 53.4)
-Flash Services PMI (Forecast: NA, Previous: 58.2 revised from 58.5)
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72500.
Look for selling opportunities of AUD/USD.
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 (20 August 2020)
Singapore | 2020-08-20 16:43Overall, AUD/USD is ranging across. Recently, AUD/USD trended lower and broke below the key level of 0.72 after the release of the dovish FOMC meeting minutes, causing a strong sell-off in the stock and bond markets, thus pushing the USD higher.
The Australian flash PMI will be released tomorrow at 0700 (SGT).
-Flash Manufacturing PMI (Forecast: NA, Previous: 54.0 revised from 53.4)
-Flash Services PMI (Forecast: NA, Previous: 58.2 revised from 58.5)
AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72500.
Look for selling opportunities of AUD/USD.
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.