2020-08-20 16:43
Market analysisAUD/USD Outlook (20 August 2020)
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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.
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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.
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