Singapore
2020-08-28 17:05
Market analysisAUD/USD Outlook (28 August 2020)
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Market analysis:
Overall, AUD/USD is ranging across.
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
Currently, AUD/USD is testing to break the resistance zone of 0.72500 and the next support zone is at 0.71000.
With the risk-on rally sparked by the FOMC’s adoption of Average Inflation Targeting and the optimistic view of the U.S. economy, look for short-term buying opportunities of AUD/USD if it breaks the resistance zone of 0.72500.
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AUD/USD Outlook (28 August 2020)
Singapore | 2020-08-28 17:05
Overall, AUD/USD is ranging across.
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
Currently, AUD/USD is testing to break the resistance zone of 0.72500 and the next support zone is at 0.71000.
With the risk-on rally sparked by the FOMC’s adoption of Average Inflation Targeting and the optimistic view of the U.S. economy, look for short-term buying opportunities of AUD/USD if it breaks the resistance zone of 0.72500.
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