JinDao_Tai

AUD/USD Outlook (20 April 2022)

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Currently at 0.7421, bouncing from failing to move towards 0.7300
AUD/USD retracing from the downtrend since 5th April

Recent news from the RBA meeting minutes have indicated that the RBA is monitoring inflation and wage growth before deciding on future rate hikes.

Look for short term buying opportunities towards next resistance level at 0.7500

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