KQMarkets

AUDUSD - Long Upward Momentum

Long
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD has moved higher since our last analysis largely due to USD weakness as a result of US stimulus. We expect the upward momentum to continue and the currency pair to challenge resistance above 0.8 in the coming weeks as we await US data on Friday including payrolls which could lead to significant price action.

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