Singapore
2020-09-25 11:45
Market analysisAUD/USD Outlook (25 September 2020)
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Market analysis:
Overall, AUD/USD is trending downwards. Recently, AUD/USD trended lower, breaking the support zone of 0.71000.
AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.71000.
With the recent expectation that the Reserve Bank of Australia will be cutting interest rate during their next monetary policy meeting in October, look for selling opportunities of AUD/USD.
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AUD/USD Outlook (25 September 2020)
Singapore | 2020-09-25 11:45
Overall, AUD/USD is trending downwards. Recently, AUD/USD trended lower, breaking the support zone of 0.71000.
AUD/USD’s next support zone is at 0.69800 and the next resistance zone is at 0.71000.
With the recent expectation that the Reserve Bank of Australia will be cutting interest rate during their next monetary policy meeting in October, look for selling opportunities of AUD/USD.
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