JinDao_Tai

AUD/USD Outlook (05 June 2020)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending upwards. Recently, AUD/USD has been ranging across.

Some Australian banks will be closed in observance of the Queen’s Birthday. Expect lower trading volatility and volume during the Australian market session.

Currently, AUD/USD is moving towards the resistance zone of 0.70200 and the next support zone is at 0.68500.
If AUD/USD breaks the resistance zone of 0.70200, look for short-term buying opportunities up until the release of the U.S. jobs report at 2030 (SGT).

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