Overall, AUD/USD is trending downwards. Recently, AUD/USD broke the resistance level of 0.58800 and break back down.
Yesterday, Australian Prime Minister Scott Morrison announced a stimulus package of A$189 billion to aid the Australian economy in fighting through the coronavirus pandemic.
Currently, AUD/USD is moving up towards the key level of 0.58. Its next support level is at 0.56000 and the next resistance level is at 0.58800.
Look for short-term selling opportunities of AUD/USD if it fails to break above the key level of 0.58.
Yesterday, Australian Prime Minister Scott Morrison announced a stimulus package of A$189 billion to aid the Australian economy in fighting through the coronavirus pandemic.
Currently, AUD/USD is moving up towards the key level of 0.58. Its next support level is at 0.56000 and the next resistance level is at 0.58800.
Look for short-term selling opportunities of AUD/USD if it fails to break above the key level of 0.58.
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