Singapore
2020-07-15 14:44
Market analysisAUD/USD Outlook (15 July 2020)
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Market analysis:
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended up into the resistance zone of 0.69800.
The Australian Westpac Consumer Sentiment data (Actual: -6.1%, Forecast: NA, Previous: 6.3%) released earlier today indicated a decline in the confidence level of the Australian economy in June due to the recent resurgence in COVID-19 case.
Currently, AUD/USD is testing the resistance zone of 0.69800 and the next support zone is at 0.68200.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.69800.
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AUD/USD Outlook (15 July 2020)
Singapore | 2020-07-15 14:44
Overall, AUD/USD is trending upwards. Recently, AUD/USD trended up into the resistance zone of 0.69800.
The Australian Westpac Consumer Sentiment data (Actual: -6.1%, Forecast: NA, Previous: 6.3%) released earlier today indicated a decline in the confidence level of the Australian economy in June due to the recent resurgence in COVID-19 case.
Currently, AUD/USD is testing the resistance zone of 0.69800 and the next support zone is at 0.68200.
Look for buying opportunities of AUD/USD if it breaks the resistance zone of 0.69800.
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