Singapore
2020-04-06 16:42
Market analysisAUD/USD Outlook (06 April 2020)
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Market analysis:
Overall, AUD/USD is trending downwards. Recently, AUD/USD moved lower, tested and rejected the key level of 0.60.
The Reserve Bank of Australia (RBA) will be announcing their interest rate decision tomorrow at 1230 (SGT).
It is expected that they will keep interest rate unchanged at 0.25%. If necessary, the RBA may look into other ways of easing such as assets purchase.
Currently, AUD/USD is moving towards the key level of 0.60. Its next support level is at 0.59000 and the next resistance level is at 0.61800.
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AUD/USD Outlook (06 April 2020)
Singapore | 2020-04-06 16:42
Overall, AUD/USD is trending downwards. Recently, AUD/USD moved lower, tested and rejected the key level of 0.60.
The Reserve Bank of Australia (RBA) will be announcing their interest rate decision tomorrow at 1230 (SGT).
It is expected that they will keep interest rate unchanged at 0.25%. If necessary, the RBA may look into other ways of easing such as assets purchase.
Currently, AUD/USD is moving towards the key level of 0.60. Its next support level is at 0.59000 and the next resistance level is at 0.61800.
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