JinDao_Tai

AUD/USD Outlook (26 February 2021)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending upwards. Recently, AUD/USD weakened and bounced down from the key level of 0.80 as a result of the surge in treasury yields that led to the strengthening of the USD.

Currently, AUD/USD is moving towards the key level of 0.79. Its next support zone is at 0.77900 and the next resistance zone is at 0.80800.
Look for short-term selling opportunities of AUD/USD if it bounces down from the key level of 0.79.

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