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AUD/USD Outlook (20 May 2020)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended higher into the resistance level of 0.65500.

Reserve Bank of Australia Governor Lowe will be speaking tomorrow at 1030 (SGT). During this time, there may be volatility in AUD.

Currently, AUD/USD is testing the resistance level of 0.65500 and the next support level is at 0.64000.
Look for short-term selling opportunities of AUD/USD up until the release of the Federal Reserve monetary policy meeting minutes tomorrow at 0200 (SGT).

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