JinDao_Tai

AUD/USD Outlook (06 August 2020)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended into the resistance zone of 0.72000

The Reserve Bank of Australia will be releasing the minutes for the recent monetary policy meeting tomorrow at 0930 (SGT).

Currently, AUD/USD is testing the resistance zone of 0.72000 and the next support zone is at 0.69800.
Look for short-term selling opportunities of AUD/USD if it bounces off the resistance zone of 0.72000.

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